Question

The value of a machine depreciates 10% annually. Its present value is Rs. 64800. Find its value 2 years ago​

Answer 1

Answer:

77760

Step-by-step explanation:

20% OF 64800=20/100 X 64800

                         =12960

VALUE 2 YRS AGO=64800+12960

                                =77760

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Answer 2

Step-by-step explanation:

P = 64800, R =10% , n = 2

Value of the machine before two years = P(1- R/100)n

= 64800(1-10/100)²

= 64800(0.90)²

=64800 × 0.81

=52488

Thus, the value of the machine before

two years will be Rs 52488

Depreciation = Rs 64800 - Rs 52488

= Rs. 12312