the value of a machine depreciates each year 10% of its value at the beginning of that year.its value when new is rupees 750;find its value when it is 2 years old
Answers
Answered by
4
Present new value of the machine t=750
Rate of depreciation=-10 ( Negative sign of rate indicates the depreciation)
time (n) =2 year
the value of machine =750*(1-10/100)*2
=750*90/100?-90/100=607.50.
Rate of depreciation=-10 ( Negative sign of rate indicates the depreciation)
time (n) =2 year
the value of machine =750*(1-10/100)*2
=750*90/100?-90/100=607.50.
Answered by
2
present value = 750
percent it decreases every year = 10%
value that decreases every year= (10/100)*750 = Rs75
value decreased in 2 years= 75+75 = 150
value after two years = 750 - 150 = 600
hope it was helpful
percent it decreases every year = 10%
value that decreases every year= (10/100)*750 = Rs75
value decreased in 2 years= 75+75 = 150
value after two years = 750 - 150 = 600
hope it was helpful
Similar questions