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A machine worth ₹20,000 depreciates 10% yearly. Value after 2 years?

A₹16,000
B₹16,200
C₹16,400
D₹18,000
Answer & Solution
Correct answer: B. ₹16,200
After two yearly reductions the value is ₹20,000 × 0.9² = ₹16,200.
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