the value of a property depricates at rate of 6% per year. if its percent value isRs. 60000/- what will be its value after 3 yrs
Answers
Answered by
1
Answer:
current value of Machine =Rs.100,00
After 1 year
value decreased by 5%
value of Machine is
Rs.95% of 100,000
⇒
100
95
×100,000=Rs.95,000
After 2 years
again the value is decreased by 5% from previous year' s Value
Now value of Machine is
=95% of 95,000
=
100
95
×95,000
=0.95×95,000
=Rs.90,250 is the value of machine at the of two years
Answered by
0
Answer:
A=P[1-r/100]^n
A=60000*94/100*94/100*94/100
=6*94*94*94/100
=49835.04
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