Question

the price of a machine depreciate at the rate of 1500 per year . if it is bought for 15800 what will be rate after 5year

Answer 1

MRP= Rs 15800
depreciation per year=Rs 1500
1500×5=7500
the rate after 5 years will be
15800-7500
Rs 8300

Answer 2

Concept Introduction:

An asset loses value over time as a result of use, damage, or obsolescence. Depreciation is the measurement for this decline. Depreciation, or a decline in asset value, can be brought on by a variety of other variables, such as bad market conditions, etc.

Given, that the price of a machine depreciates at the rate  $1500$ per year.

To find, out if it is bought for $15800$ what will be rate after $5$ years.

Solution:

MRP= Rs $15800$

depreciation per year=Rs $1500$

Now, $1500$ ×$5=7500$

the rate after 5 years will be = $15800-7500$ = Rs. $8300$

Final Answer:

The rate after 5 years will be Rs. $8300$

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