A machine purchased for Rs 6,00,000 depreciates in value by 12% at the end of every year

MATHEMATICS · Subjective · CBSE · Mathematics · Fractions in Disguise · Fractions in Disguise

Problem

A machine purchased for Rs 6,00,000 depreciates in value by 12% at the end of every year. After how many complete years will its value first fall below Rs 3,00,000? State the required number of years.

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