THE VALUE OF AN EQUIPMENT FROM ₹6000 DEPRECATES TO ₹5415 IN 2 YEARS, FIND THE RATE OF DEPRECIATION?
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Solution :
Given,
Value after 2 years (R) = Rs. 5415
Duration (D) = 2 years
Note: i = rate of depreciation
We know that,
By substituting the values,
Now:
So:
Therefore,
The rate of depreciation is 5%.
_________________
Answered by: Niki Swar, Goa❤️
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