The value of a machine is depreciating at the rate of 5% for the first year ,and 8% in the second year. Find its Value after 2 years , if the present value is Rs 20000
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Answer:
Rs.17480
Step-by-step explanation:
Present value= 20000
Value after a year=
=20000- 5% (of 20000)
x = 5
20000 100
100x= 20000 x 5
100x = 100000
x =1000
= 20000- 1000
Value After 1 year= 19000
Value after 2 years=
19000- 8% (of 19000. Since price has already reduced)
8% of 19000 = 1520
19000- 1520= 17480
Value after 2 years= 17480
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