Ms. Cherian purchased a boat for ₹ 16,000.If the cost of the boat is depreciating at the rate of 5% per annum,calculate its value after 2 years.
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Heya mate here is your answer!!!!
Cost of boat = Rs. 16,000
Decrease ℅ = 5%
After 1 year;
Decreased Amount =
Rs. 16000 - (5% of Rs. 16000)
16000-(5/100 × 16000)
16000-800
15200
Then, the next year
Decreased Amount=
Rs. 15200- (5% of Rs. 15200)
15200-(5/100 × 15200)
15200- 760
14440
★Therefore; after two years its value will be Rs. 14440
Hope this helps.....
Cost of boat = Rs. 16,000
Decrease ℅ = 5%
After 1 year;
Decreased Amount =
Rs. 16000 - (5% of Rs. 16000)
16000-(5/100 × 16000)
16000-800
15200
Then, the next year
Decreased Amount=
Rs. 15200- (5% of Rs. 15200)
15200-(5/100 × 15200)
15200- 760
14440
★Therefore; after two years its value will be Rs. 14440
Hope this helps.....
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