The value of machine is rupees 48000. If each year its value depriciates by 5% what will be its value at the end of 2 years?
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Given:
- Value of Machine = Rs. 48,000
- Percentage of Depreciation in its value = 5%
To find:
- value at the end of 2 years
Solution
5% of 48000
→ Rs. 2400
Value of Machine at the end of 2 years
Therefore, the value of the machine at the end of 2 years is Rs. 43,200.
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