Question

the price of a machine depreciates at the rate of rupees 1500 per year . If it was bouught for rupees 15800 . what will be its price after 5 years

Answer 1

please refer to the attachment

Hope it will help you

Answer 2

Answer:

Assets lose value over time due to use, damage, or obsolescence. Depreciation is a measure of this reduction. Depreciation or decline in asset value can be caused by a variety of other variables, including: Bad market conditions, etc.

Step-by-step explanation:

However, if the price of the machine per year drops at that rate 1500

To find, out if it was purchased at 15800 the price paid 5 years later.

Solution:

Suggested retail price = Rs 15800

Annual depreciation = Rs 1500

Now, 1500×5 = 7500

The rate after 5 years is = 15800 - 7500 = Rs 8300.

Final answer :

 The rate after 5 years will be Rs. 8300.

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