Question

6. The cost of a sewing machine is Rs 7,000. Its value depreciates at 8% pa. What will be the cost of the
machine after 1 years?
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Answer 1

Answer:

6440 will be the cost of the

machine after 1 year

Step-by-step explanation:

Principal=Rs7000

Rate=8%

Time=1year

Amount=P(1-$\frac{R}{100}$)^n

            =7000(1-$\frac{8}{100}$)^1

            =7000($\frac{92}{100}$)

=         7000*$\frac{92}{100}$

= 6440