The value of a machine is depreciating at the rate of 5% for the first

1.	The value of a machine is depreciating at the rate of 5% for the first year ,and 8% in the second year. Find its Value after 2 years , if the present value is Rs 20000
Answer» Answer: Rs.17480 Step-by-step explanation: Present value= 20000 Value after a YEAR= =20000- 5% (of 20000) x = 5 20000 100 100x= 20000 x 5 100x = 100000 x =1000 = 20000- 1000 Value After 1 year= 19000 Value after 2 years= 19000- 8% (of 19000. SINCE price has already reduced) 8% of 19000 = 1520 19000- 1520= 17480 Value after 2 years= 17480

The value of a machine is depreciating at the rate of 5% for the first year ,and 8% in the second year. Find its Value after 2 years , if the present value is Rs 20000

Answer»

Answer:

Step-by-step explanation:

Present value= 20000

Value after a YEAR=

=20000- 5% (of 20000)

x = 5

20000 100

100x= 20000 x 5

100x = 100000

x =1000

= 20000- 1000

Value After 1 year= 19000

Value after 2 years=

19000- 8% (of 19000. SINCE price has already reduced)

8% of 19000 = 1520

19000- 1520= 17480

Value after 2 years= 17480