Question

The Present value of a car is R 70,000 .
Its value depreciates every year by 10%.
what will be its value after 2years​

Answer 1

Step-by-step explanation:

I feel this machine is depreciated using the Reducing Balance Method.

If the value of the machine at the beginning of year 1 is 10,000 and then it reduces by 10%, the value of the machine at the end of year 1 is:

10,000 * (100%-10%) = 9,000

And again, at the end of Year 2, we follow a similar route:

9000 *(100%-10%) = 8,100

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Answer 2

Answer:

Value Of The Car After 2 Year = 56,000

Step-by-step explanation:

Present Value Of The Car = 70,000

10% Of 70,000 = 70,000 × 10/100 = 7,000

7,000 Decreases In 1 Year

So, In 2 Year = 7,000 × 2 = 14,000

In 2 Year, 14,000 Rs. Will Be Decreased

So The Price Of Car After 2 Years = 70,000 - 14,000 = 56000

So The Price Of Car After 2 Years Will Be Rs.56,000

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