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A car depreciated by 25% during the first year. If the car were purchased for 28000 what is the car worth at the end of the first year

A car depreciated by 25% during the first year. If the car were purchased for 28000 what is the car worth at the end of the first year
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4 votes
A car depreciated by 25% during the first year. If the car were purchased for 28000 what is the car worth at the end of the first year

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User Salih Kavaf
by
8.8k points

1 Answer

3 votes

Value of car after 1 year = ₹{28000×(1-25/100)}

= ₹ {28000× 3/4}

= ₹7000×3

= ₹21000

(✷‿✷) Hence , ₹21000 is the car worth at the end of the first year....(✷‿✷)

answered
User Tim Smart
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7.9k points
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