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A used car was purchased at N900,000.00. Its value depreciated by 30% in the first ...

A used car was purchased at N900,000.00. Its value depreciated by 30% in the first year. In each subsequent year, the depreciation was 22% of its value at the beginning of the year. If the car was bought on the 1st of March, 2011, calculate, correct to the nearest hundred naira, the value of the car on the 28th of February, 2015.



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