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Mathematics, 23.08.2021 17:20 LillyPrince

The original price of a given car is RM50 000. Each year the value of the car will shrink by 10%. Given the value of the car after n year is P = R (0.9)" with R is the original price and P is the price after n year. Mr. Ravi sells the car after 8 years at a price of RM 25 000. Determine whether he is losing or making a profit?

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