Question

I purchased an article for $400. If the cost of article after two years depreciates to $361,then the rate of depreciation is

Answer 1

Answer:

39 is the answer

Explanation:

Cost of the article = Rs.400

Cost of the article after two years = Rs.361

Rate of the depreciation = 400-361

                                         = 39

Therefore, 39 is the rate of depreciation