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Question

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


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Solution

Use the concept of depreciating value:
A = P ×  [1R100]n
A=10000×[115100]2

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

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