the value of the Machines
depreciated by 10% per year during the first two years and 15% per year during the third year Express the total depreciation of the machine as percent during the three year
Answers
Given:
(i) The value of the machines depreciated by 10% per year during the first two years.
(ii) In the third year, it depreciated by 15%.
To find:
(i) Total depreciation of the machine as a percentage during the three years.
Solution:
Let in the beginning, the price of the machine be 100.
At the end of first year, it depriciated by 10%.
So, now price becomes = (100-10)% of 100
= 90% of 100
= 90
Again, the price depreciated by 10%, at the end of second year.
New price = (100-10)% of 90
= 90% of 90
= 81
The price depriciated by 15% at the end of the third year.
New price = (100-15)% of 81
= 85% of 81
= 68.85
Net decrease from beigining = (100-68.85)
= 31.15
Percentage depriciation = [Depriciation/initial cost]*100%
= [31.15/100]*100%
= 31.15%
So, the total depriciation is 31.15%.
Answer:
answer is in attatchment.
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