The cost of a machine is Rs. 32,000. Its value depreciates at the rate of 5% every year. Find the total deprication in its value by the end of 2 years.

Rs. 3,120

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Rs. 3,690

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Rs. 4,230

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Rs. 5,150

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Solution

The correct option is D Rs. 3,120
Machine cost=Rs.32000
Depreciation rate=5%
Machine cost after 2 year $= 32000 {(1 - \frac{5}{100})}^{2}$
$\Rightarrow 32000 \times \frac{95}{100} \times \frac{95}{100} = R s .28880$
Depreciation in two year $= 32000 - 28880 = R s .3120$

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The cost of a machine is Rs. 32,000. Its value depreciates at the rate of 5% every year. Find the total deprication in its value by the end of 2 years.

The correct option is D Rs. 3,120Machine cost=Rs.32000Depreciation rate=5%Machine cost after 2 year=32000(1−5100)2⇒32000×95100×95100=Rs.28880Depreciation in two year=32000−28880=Rs.3120

The correct option is D Rs. 3,120
Machine cost=Rs.32000
Depreciation rate=5%
Machine cost after 2 year $= 32000 {(1 - \frac{5}{100})}^{2}$
$\Rightarrow 32000 \times \frac{95}{100} \times \frac{95}{100} = R s .28880$
Depreciation in two year $= 32000 - 28880 = R s .3120$