1.

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?

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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