Question

the value of a machines depreciates 5%every year .lf the value of machine is Rs 500000, what will be its value after 3 years ​

Answer 1

Answer:

Rs.428687.5

Step-by-step explanation:

Price of machine= Rs.500000

n=3 years

Rate of decrase=5%

VAlue after 3 years= 500000(1-$\frac{r}{100}$)$^{3}$

= 500000*($\frac{100-5}{100}$)$^{3\\}$

=500000*$\frac{95}{100} *\frac{95}{100} *\frac{95}{100}$

=$\frac{95*95*95}{2}$=428687.5

Value after 3 yrs will be Rs.428687.5