Question

The cost of a new washing machine is rs 22000. its value depreciates every year . if the depreciated value of the washing mashine after 2 years is rs 14080 , find the rate of depreciation

Answer 1

Total amount depreciated in 2 years = Rs.22,000 - Rs 14,080

= Rs.7,920

Depreciation per year = 7920/2 = 3960

Rate of Depreciation = ( 3960/22000) × 100

= 18%