the cost of a machine is 2,50,000 it's depreciates at the rate of 4 per annum find the cost of machine after 3 years?
Answers
Answered by
2
Answer:
221 184
Step-by-step explanation:
COST OF MACHINE
make use of the compound interest formula :
A = P *(1 + r/100)^n
where :
A is the amount
r is the rate of interest
n is the number of years
P is the principle
is it depreciates ... its reducing hence use ( - )
A = 250 000 * (1 - 4/100)^3
= 221 184
Answered by
0
Answer:₹221184
Step-by-step explanation:
Rate after 3 years=P*(1 - 4/100)³
=250000*(96/100)³
=250000*24*24*24/25*25*25
=16*24*24*24
=₹221184
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