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.
₹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