the value of a machine worth 50 lakh is depreciating at the rate of 10% every year in how many years will its value be reduced to 364500
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The value of a television set depreciates at the rate of 10%per annumr%=10%so loss % is 7%c.p is 50,00,000we should find which year value be reduced to 364500
let this be s.p =364500
rate after 1 year =[5000000*90/100]
=45000000
so its reducing 500000
so 5000000 - 500000 - 500000.......(x times/years)=364500
it is 9 years 271 days
let this be s.p =364500
rate after 1 year =[5000000*90/100]
=45000000
so its reducing 500000
so 5000000 - 500000 - 500000.......(x times/years)=364500
it is 9 years 271 days
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