The value of a machine is rupees 48000 if each year its value depreciates by 5 percent what will its value be at the end of 2 years?
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Answer:
Value at the end of 2 years = 2 × 2400
= 4800
Step-by-step explanation:
Value of the machine = ₹48000
Value depreciates in one year = 5% = 5/100 × 48000
= ₹2400
Value at the end of 2 years = 2 × 2400
= 4800
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