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Question

The cost of a machine is supposed to depreciate each year by 12% of the year . If the machine is valued at Rupees 44000 at the beginning of 2008 find its value:

1. At the end of 2009
2. At the beginning of 2007

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Solution

let the value of machine be x at the start of 2007

after one year the value will be x(1 - 0.12) = 0.88x

according to given data

0.88x = 44000

x = 50000 Rs.....answer for part 2

let the value at start of 2008 be y
start of 2009 y(1 - 0.12)
end of 2009 y(1 - 0.12)(1- 0.12) = 0.88 x 0.88 x y

according to given data y = 44000
end of 2009 = 34073.6 Rs


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