Chiranjeev purchased a machine worth * 16,000. If the cost of the machine is depreciating at the rate of
5% p.a., calculate its value after 2 years.
Answers
Answered by
4
Step-by-step explanation:
The principal=625000
rate=8%
time=2 yrs
the formula
A=P(1-{R\100})^T
substitute with numbers and you will get the answer
Answered by
4
amount=p(1-rate/100) n
=16000(1-5/100) 2
=16000(1-1\20) 2
=16000(19\20) 2
=16000*19/29*19/20
=14440RS answer
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