Question

8. A machine is purchased for 625000. Its value depreciates at the rate of 8% per annum. What
will be its value after 2 years?

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Answer 1

Answer:

529000

Step-by-step explanation:

Given depreciation is 8%

$625000(1 - \frac{8}{100} )(1 - \frac{8}{100} ) \\ = 625000( \frac{92}{100} )( \frac{92}{100} ) \\ = 529000$

Hope it helps you!

Answer 2

Answer:

605000 is the answer

Step-by-step explanation:

1 year= 8%

2years=16%

625000×16×2/100 =20000

625000-20000= 605000