Question

the value of a machine worth Rs 500000 is depreciating at the rate of 10% every year. in how many years will it value be reduced to Rs 364500

Answer 1

First year 5,00,000×90÷100=4,50,000
2nd year 4,50,000×90÷100=4,05,000
3rd year 4,05,000×90÷100=3,64,500
Answer is 3 year.