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Let's assume you bought a new car with Tk. 3,500,000. The car depreciates in value by 40% after the first year, 20% after the second
Let's assume you bought a new car with Tk. 3,500,000. The car depreciates in value by 40% after the first year, 20% after the second year, and 10% after the third year onward. What is the average rate of depreciation per year after three years? Therefore, what will be the value of the car after three years of use?
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