Question

Q2) During every financial year, the value of a machine depreciates by 10%. Find

original value (cost) of a machine which depreciates by Rs 2250 during the second

year.​

Answer 1

Answer: ₹2777.77777...

Step-by-step explanation:

In such a question, we must find compound interest.

A = P(1 + r/100)ⁿ

2250 = P( 1 - 10/100)²

2250 = 81P/100

P = 225000/81

P = ₹2777.77777...

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