Question

A machine depreciates each year at 8% of its value in the beginning of the year. If its value
be 57500 at the end of the year 2015, find :
(1) its value at the end of the year 2014, (ii) its value at the end of the year 2016.​

Answer 1

Answer:

62100 & 52900

Step-by-step explanation:

Value change rate= 8%

Value in 2015= 57500

1. Value in 2014= 57500*1.08= 62100

2. Value in 2016= 57500*0.92= 52900