A machinary worth rs 90000 is depressed by 5% .Find it's value after 1 year
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Answer:
Answer
Cost Price=9000 , R=5%
Depreciation=
100
R
×CP
After 1 year
Depriciation=
100
5
×9000
=450
After 2 years
Depreciation=
100
5
×8550
=427.5
Total Depreciation =450+427.5=877.5
Hence the statement is True.
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