Question

machinery worth 12000 depriciated by 3% find its value after 3years​

Answer 1

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Refer the attachment above ⚡

Explanation:

If the cost of a machine depreciates or decreases by r% every year then its value after n years can be obtained by the formula:

Value after n years = Present value × [ 1 - r/100 ]^n

Also, the present value of the machine = It's value n years ago × [ 1 - r/100 ]^n