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.
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Answer 1

Answer: ₹ 2,42,000

Step-by-step explanation:

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.