The value of a machine depreciates every year by 5%. If the present value of the machine is Rs.100000, what will it's value be after 2yrs?
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there are 2 methods
1 method 2 method
100000 100000
- 5000 5% of 5000 5%
100000
95000 95000
5000 4750 5%of 95000
90000 after 2 years 90250 after 2years
1 method 2 method
100000 100000
- 5000 5% of 5000 5%
100000
95000 95000
5000 4750 5%of 95000
90000 after 2 years 90250 after 2years
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