Teaching SUPER TET - UP Assistant Teacher Mock Test Series Quantitative Aptitude Percentage

The cost of a bike depreciates at the rate of 5% per annum. If its present value is Rs. 60,000, then what will be its value after 2 years?

1
Rs. 55,500 
2
Rs. 55,000
3
Rs. 54,100 
4
Rs. 54,150 
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