Question

If the value of a machine is 9000 and it depreciates at 10% p.a. then its value after 2 years is

pls fast it's urgent
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Answer 1

Answer:

feel this machine is depreciated using the Reducing Balance Method.

If the value of the machine at the beginning of year 1 is 10,000 and then it reduces by 10%, the value of the machine at the end of year 1 is:

10,000 * (100%-10%) = 9,000

And again, at the end of Year 2, we follow a similar route:

9000 *(100%-10%) = 8,100

Answer 2

Answer:

Solving according to Compound Interest

$a = p {(1 - \frac{r}{100}) }^{2}$

$a = 9000 \times {(1 - \frac{10}{100}) }^{2}$

$a = 9000 \times ( { \frac{9}{10}) }^{2}$

$a = 9000 \times \frac{81}{100}$

$a = 90 \times 121$

a = 7290

it's my fault you have to multiply it by 81 by mistake i have written there 121