Mr. Cherian purchased a boat for Rs. 16000. If the total cost of the b – InterviewSolution

1.	Mr. Cherian purchased a boat for Rs. 16000. If the total cost of the boat is depreciating at the rate of 5% per annum, calculate its value after 2 years.
Answer» Mr. Cherian purchased a boat for Rs. 16000. If the total cost of the boat is depreciating at the rate of $5 %$ per annum, calculate its value after 2 years.

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