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The value of a machine costing 80000 depreciates at the rate of 15% per annum. What will be the worth of this machine after 3 days? |
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Answer» To find: The amount after three days Given: (i) Principal – 80000 (ii) Time – 3 days (iii) Rate – 15% per annum Deduction = P × R × T = 80000 \(\times \frac{15}{100} \times \frac{3}{365}\) = 98.63 The final amount after deduction = 80000 – 98.63 = 79901.37 The value of the machine after 3 days is Rs. 79901.37 |
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