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Application of Formula of CI

A machinery w...

Question

A machinery worth Rs. $10, 500$ depreciated by $5 %$ . Find its value after one year.

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Solution

$5 % o f 10, 500 = (\frac{5}{100}) \times 10, 500$

$= 525$

$= 10, 500 - 525$

$= 9, 975$

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