Question

Machinery worth $Rs.10000$ is depreciated by $5\%$. Find its value after $1$ year.

Answer 1

Initial worth $=10000,$ Depreciation $=5$%

Value after $1$ year = Initial worth – Depreciation $=10000–5$% of $10000$

Value $=10000-\left(\frac{5}{100}\right)\times 10000=9500$

the machinery will be worth $Rs.9500$ after a year.