CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon


Question

Tick the correct answer in each of the following: 

The value of a machine depreciates at the rate of 10% per annum. It was purchased 3 years ago for Rs 60000. What is the present value of the machine ?

(a) Rs 53640        (b) Rs 51680        (c) Rs 43740        (d) Rs 43470


Solution

3 years ago, the value of machine=Rs. 60000Rate of depreciation (R) = 10%Period (n) = 3 years Present value = P (1R100)n=60000 (110100)3=Rs. 60000×(910)3=Rs. 60000×910×910×910=Rs. 43740                                               (c)


Mathematics
Secondary School Mathematics VIII
Standard VIII

Suggest Corrections
thumbs-up
 
0


similar_icon
Similar questions
View More


similar_icon
Same exercise questions
View More


similar_icon
People also searched for
View More



footer-image