6. The value of a machine depriciates at the rate of 10% per annum. If its present value is
10000, what will be its value after 2 years?
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Given,
time=2yrs
principal=10000
rate=10% P. a.
amount=P (1-r/100) ^n
=10000(1-10/100) ²
=10000(1-1/10) ²
=10000×9/10×9/10
=100×81
= 8100
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