Question

The value of machinery depreciates at the
rate of 15% per annum. What will be its
value after 3 years, if its present value is
4,40,000?​

Answer 1

Answer:

After 3 years the vale will be depreciated by 15*3% that is it gets depreciated by  45 %  

The Value after 3 years = Present Value - (45/100)(Present Value)                  

                                        =  440000 - 0.45*440000  

                                        = 440000(1-0.45)  

                                        = 440000(0.55)  

                                        = 242000  

                                        =₹ 2,42,000

Therefore, The Value after 3 years will be ₹ 2,42,000