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Answer:
Rs.529000
Step-by-step explanation:
principle=625000
rate=8%
simple interest for one year [detoriation for one year]=[625000*8*1]/100=6250*8=50000
resultant principle=625000-50000=575000
we are subtracting by 50000 because the principle decreases every year
with this principle find detoriation for second year:
simple interest[detoriation]=575000*8*1/100=5750*8=46000
575000-46000=529000
after two years the price of the machine will be Rs.529000
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