Question

a value of a machine deptiviates at rate of 12 percent p.a. If it's present value is rs. 7000. what will be its value after 2 years​

Answer 1

Step-by-step explanation:

Solution,

Here, Rate = 12%

principal = Rs7,000

time = 2 yrs

Amount = ?

We know,

Interest (I) = P × T × R

100

= 7,000 × 12 × 2

100

= 70 × 12 × 2

= 70 × 24

= Rs 1,680

Now,

Amount = Principal + Interest

= Rs 7,000 + Rs 1,680

= Rs 8,680

Hence,

Its value after 2 years at the rate of 12% is

Its value after 2 years at the rate of 12% is Rs 8,680.

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