Question

The value of a machinery is Rs. 10000, which is depreciating at the rate of 15% annually. The value of the machinery after 2 years in rupees ___

Answer 1

Use the concept of depreciating value:

$A=10000\times {[1-\frac{15}{100}]}^2$

= Rs. 7225
Therefore, after 2 years the value of machinery will be Rs 7225.