Question

The value of a machine depreciates by 18% every year. If the presa
value of the land is 672.400, calculate its value:
(i) after 2 years
(11) 2 years ago​

Answer 1

Answer:

We know that

Final price = initial price(1+100rate)time

Here the final price = Rs. 8784, time =3 yrs, rate =−10%p.a.

The rate is negative since the price is depriciating.

Let the initial price = Rs. x.

∴x×(1−10010)3=8748

⇒x×109×109×109=8748

⇒x=8748×910×910×910= Rs. 12000

So, the price of the machine 3 years back = Rs. 12000.

Step-by-step explanation:

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