Question

if cost of a machine is 7000 rupees .It depreciates 8 percent every year .Find cost of machine after two years​

Answer 1

Answer:

cost of machine is = 7000( given).

depreciation in 1 year =8×7000/100=560

then total depreciation in 2 year = 2×560=1120

original price of machine after 2 year = 7000-1120=5980