Question

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Machinery worth₹256300 depreciates at a rate 12% .How much it is worth after 6 years if the rate of depreciation is compounded annually?​

Answer 1

Answer:

₹ 71,764

Explanation:

Depreciation for 1 year

2,56,300/100*12 = 30,756

6 Years

30,756*6 = 1,84,536

Value in 6years = 2,56,300 - 1,84,536 = 71,764