Question

The value of a machine reduces by 20% every year. If the present value is 15,000,what will its value be 2 years later?​

Answer 1

Answer:

100%=15000

20 percent in 100 is 20.

100-20=80

20 percent in 80 is 16.

total 100-20-16=64.

100%=15000

64%=9600

or

15000×80/100×80/100=9600

Answer 2

9600 is the rate of the machine after 2 years