A manufacturer reckons that the value of a machine, which costs him Rs 15625, will depreciate each year by 20%. Find the estimated value at the end of 5 years.
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Solution
Cost of machine = Rs 15625
Machine depreciates by 20% every year.
Therefore, its value after every year is 80% of the original cost i.e., `4/5` of the original cost.
Concept: Arithmetic Progression (A.P.)
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