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A product costing 1 3 , 1 1 5 has been depreciated as follows; 7 . 5 % in the first year 5 % for

A product costing

13, 115

has been depreciated as follows;

7.5 %

in the first year

5 %

for the next

5

years

2 %

thereafterWhat is it's value after eight years, correct to the nearest pound with no

sign?

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