Question

the value of the machine depreciates each year by 10% of its value at the beginning of the year. its value when new is Rs.750 find its value it is 2 years old

Answer 1

thanks and hope you understand it

Answer 2

Its value if is 2 years old is Rs.607.5

Step-by-step explanation:

Initial price of machine = Rs.750

We are given that the value of the machine depreciates each year by 10% of its value at the beginning of the year.

Cost of machine after 1 year =$750 -10\%(750)=750-\frac{10}{100}(750)=Rs.675$

Cost of machine after 2 years = $675-10\%(675)=675 - 0.1(675)=Rs.607.5$

Hence its value if is 2 years old is Rs.607.5

#Learn more:

The value of a machine depreciates every year by 10%. What will be its value after 2 years, if its present value is Rs 50,000?

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