Question

The value of a machine depreciates each year by 10% of its value at the beginning of that year . Its value when new is ₹750 , find its value when it is 2years old

Answer 1

Answer:

Step-by-step explanation:

First year machine value Rs 750

Depreciation  10%  ( 750*10%= 75)

Value (after depreciation) Rs 675* ( 750-75)

Second year machine value Rs 675*

Depreciation  10%  ( 675*10%= 67.50)

Value (after depreciation) Rs 607.50* ( 675-67.50)

Machine value ( 2 years old) Rs 607.50*