Question

The value of a machine depreciates by 8percent every year In how many years will it's value will be reduced to Rs24334 if the actual value is Rs31250​

Answer 1

Answer:

actual value of machine= 31250

it's value reduces to 8 percent every year

8/100 x 31250=2500

every year the value of machine is reducing by  rs. 2500

31250-24334=6916

6916/31250 x 100 =22.1312

so every year 22.13  % of machine's value is decreased

hope it helps