A two wheeler depreciates at 20 % of its value every year.
If present value of the same be 90000, its depreciated
value would be 36864 after how many years?
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Answered by
2
Answer:
Present cost= Co
Rate = 20%
Time = 2 years
Let after 2 years cost, C=208000
Thus, C=Co(1+100R)T
208000=Co(1−10020)2
Co=325000
Thus present cost is 325000 Rs.
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Answered by
6
↝Given that
We know,
↝The depreciation amount is given by
↝On substituting all the above values, we get
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