Question

A machinery worth $₹10,500$ depreciated by $5\%$ . Find its value after one year.

Answer 1

Total price of machinery $=₹10500$

There is a depreciation by $5\%$.

So, $5\%of10500=10500\times \frac{5}{100}$

$=525$

Therefore, the depreciated amount $=₹525$

So value after one year$=₹(10500–525)$

$=₹9975$

Hence the value of the machinery after $1$ year is $\mathbf{₹}\mathbf{}\mathbf{9975}$.