the value of a machine depreciates 10% each year.A man pays ₹30000 for the machine . find its value after 3 years
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Machine value after 3 Years = 21870 if the value of a machine depreciates 10% each year and A man pays ₹30000 for the machine
Step-by-step explanation:
A man pays ₹30000 for the machine
P = 30000
Rate of depreciation = 10 % per annum
Time = 3 Years
A = P (1 - R/100)^T
A = 30000 ( 1 - 10/100)³
A = 30000 (9/10)³
A = 30 * 9³
A = 21870
Machine value after 3 Years = 21870
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Answered by
1
Answer:
21,870
Step-by-step explanation:
Amount = p ( 1 - R/100 )^ T
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