The value of a machine depreciates every year by 5%. If the present value is ? 40,000,
what will be its value after a year?
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Answered by
4
Answer:
₹38,000
Step-by-step explanation:
Present value (P) = ₹40,000
Rate of depreciation (R) = 5%
Time (n) = 1 year
Formula for finding value = P (1 - R/100)ⁿ
=> Value after 1 year = 40,000 (1 - 5/100)¹ = 40,000 (19/20) = ₹38,000
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0
Answer:
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