Question

The cost of a machine is Rs. $24500$. After two year the value of that machine was depreciated by $6\%$. Find the value of machine after two year.

• A. $11560$
• B. $21560$
• C. $31560$
• D. $41560$

Answer 1

Answer: (B)

$21560$

Given: Principal $=24500$, $r=6\%,n=2$
Reduction $=6\%$ of Rs. $24500$ per year
$=\frac{24500\times 6\times 2}{100}=2940$
Value at the end of $2$ years $=24500-2940=$ Rs. $21560$