The cost of bike depreciates every year by 15% of its value at the beginning of the years. If the present cost of bike is Taking. 40000, find its cost after two years.

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Solution

present value of machine=40000
and it depreciates 15% every year
so after 1 year the rate of machine is 40000(85/100)=34000
same as after 2 year the rate of machine is 34000(85/100)=28900

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The cost of bike depreciates every year by 15% of its value at the beginning of the years. If the present cost of bike is Taking. 40000, find its cost after two years.

present value of machine=40000 and it depreciates 15% every year so after 1 year the rate of machine is 40000*(85/100)=34000 same as after 2 year the rate of machine is 34000*(85/100)=28900 ​​

present value of machine=40000
and it depreciates 15% every year
so after 1 year the rate of machine is 40000(85/100)=34000
same as after 2 year the rate of machine is 34000(85/100)=28900