Question

A machinery depreciates each year by 3% of its value at the beginning of each year. if it's present value is 94090,find it's value two year back​

Answer 1

Value Of Machinery = 94090

Rate of Depreciation = 3% p.a.

Value of machinery 2 years back

=> 94090 (1+3/100)²

= 94090×103/100×103/100

=> Rs. 99820.08

Hope this will help

Answer 2

Answer:

Step-by-step explanation: