A machine was purchased for Rs 500000. Its rate of depreciation is 10% in the first year and 5% per annum after wards. Find the depreciated value of the machine after 15 years.
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Answer:
Step-by-step explanation:
first it was 500000
2nd yr it was 10%=450000
3yr it was 5%=427500
so 15 yr will be 427500/15=28500
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