Question

The value of a machine depreciated every year by 5%. If the present value of the machine is ₹27,500, what will be the value of the machine after 2 years​

Answer 1

c=P(1-r/100)power t

= 27500(1-5/100)²

=27500×95/100×95/100

=24818.75

value of the machine will be 24818.75