the value of a machine depreciates at the rate of10% per annum .After how many years will the value of the machine becomes less than two thirds of its initial value.
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Step-by-step explanation:
Lets Price of article is 100
Dep value after 1 year =100−
100
100×10
= 90
Dep. value after 2 year =90−
100
90×10
=81
Dep. value after 3 years =81−
100
81×15
=68.85
Total Dep. =100−68.85 = 31.15%
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