a washing machine was purchased 3 years ago for 10000 and now deprecoated value is 7290 find the rate percent annum of its depreciation
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a washing machine was purchased 3 years ago for 10000 and now deprecoated value is 7290 find the rate percent annum of its depreciation
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Step-by-step explanation:
total value decreased is 10000-7290=2710
so it 2710 is decreased in 3 years therefore price decreased in 1 year will be 2710÷3=903.33 rs
therefore percentage decrease in rate of washingmachine will be (903.33×100)÷10000
which is = 90333÷10000=9.03%
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