Question

a machine was bought for rs 16000 tf thr total cos t of its depreciating at the high rate of 5 percentage per annum calculte its value after two years

Answer 1

Machine was bought for = 16000

rate depreciating = 5%

time = 2 years

=p (1-r/100)^ t

= 16000(1-5%/100)^2

= 16000×95/100×95/100

= 14440 rupee