A machine is bought for Rs.20000 and its depreciation rate is 8% per annum. Find the cost of the machine after 2 years?

Rs.16728

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Rs.16928

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Rs.16528

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Rs.16458

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Solution

The correct option is B
Rs.16928

Cost after two years $= 20000 \times {(1 - \frac{8}{100})}^{2}$

$= R s .16928$

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