The cost of a machine depreciates by 10 % every year. Find the price after 2 years, if the initial cost of the machine was ₹30000.

₹21,300

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₹24,450

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₹25,300

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₹24,300

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Solution

The correct option is D
₹24,300

Cost of machine $= ₹ 30000$

Rate of depreciation $= 10 %$

Cost of the machine at the end of first year $= ₹ 30000 - \frac{10}{100} \times 30000$

$= ₹ 30000 - ₹ 3000 = ₹ 27000$

Cost of the machine at the end of second year $= ₹ 27000 - \frac{10}{100} \times 27000$

$= ₹ 27000 - ₹ 2700 = ₹ 24300$

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The cost of a machine depreciates by 10 % every year. Find the price after 2 years, if the initial cost of the machine was ₹30000.

The correct option is D ₹24,300 Cost of machine =₹30000 Rate of depreciation =10% Cost of the machine at the end of first year =₹30000−10100×30000 =₹30000−₹3000=₹27000 Cost of the machine at the end of second year =₹27000−10100×27000 =₹27000−₹2700=₹24300