Question

sonika bought land for rupees 5,50,000. the value of the land depreciate at the rate of 5% every six months. what is the value of the land after 2 year

Answer 1

The answer is 440000

Process:- The land of depreciate is 5%.

550000*5/100 = 27500.

27500 is for 6 months.

For 2 yrs there are 24 months.

So, land of depreciation for 24 months =27500*4 = 110000

To find the value of the land we should subtract from the cost.

550000-110000 = 440000.

I think this may be helpful.