Question

A machine is insured for 1,60,000. If its value depreciates semi annually at the rate of 6% per annum, what will be its value after 1 years?
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Answer 1

Answer:

So value of the machine after depreciation after one year is Rs. 150,544

Step-by-step explanation:

as the rate of depreciation 6% per annum

and depreciation to be calculated semiannually

the rate will be 3%

After 6 months the depreciation will be

= 160000 ×3÷100

= 4800

The value of the machine after 6 months will be

= 160000 - 4800

= 155,200

For the next 6 months the depreciation will be

= 155,200 × 3 ÷100

= 4,656

So value of the machine after one year

= 155200-4656

= 150,544

Answer 2

Answer:

Rs. 19,096

Step-by-step explanation:

Depreciation=$P(1-\frac{R}{100})^{2}$

=$Rs. 1,60,000(1-\frac{6}{100} )^2$

=