Question

A machine is purchased for Rs. 5000 depreciation is calculated at 5% per
annum for the first five years, depreciation being calculated on diminishing
value. Find the value of the machine after a period of 5 venrs.

Answer 1

Given :- Principle = Rs 5000 ,

Time = 1 year , Rate = 5%

The SI of every one year

:- ( P×R×T ÷ 100 )

= ( 5000 × 1 × 5 ÷ 100 )

= 250

So , the value of the machine in 5 year

= 5000 + ( 250 × 5 )

= 5000 + 1250

= 6250

Answer :- Rs 6250

Answer 2

Answer:

Given :- Principle = Rs 5000 ,

Time = 1 year , Rate = 5%

The SI of every one year

:- ( P×R×T ÷ 100 )

= ( 5000 × 1 × 5 ÷ 100 )

= 250

So , the value of the machine in 5 year

= 5000 + ( 250 × 5 )

= 5000 + 1250

= 6250

Step-by-step explanation: