Farm vehicles are known to depreciate in value by 12% each year

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

Problem

Farm vehicles are known to depreciate in value by 12% each year. If Susan buys a quadrunner for 6800,howlongwillittakeforthevaluetoreduceto6800, how long will it take for the value to reduce to 1000?

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