Question

the value of a machine depreciates at a rate of 8% per annum .if the value of machine is now 75000 what will be its value after 3 years?​

Answer 1

Answer:

₹69,000

Step-by-step explanation:

Current Value, P = ₹75,000

Depreciation rate, R = 8% per annum  

Time, N = 3 years

Value after 3 years = P [ 1 - R/100]ⁿ

                                = 75000 [ 1 - 8/100]³

                                = 75000 [1 - 8/100] [1 - 8/100] [1 - 8/100]

                                = 75000 [92/100]

                                = 750 * 92

                                = ₹69000

Here is your answer

Cheers!