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The value of machine depreciates 15% every year. If its present value is Rs. 65,000. Find the value of machine after 7 years?Given that, (0.85)7 = 0.3201). Rs. 25092.52). Rs. 278343). Rs. 208004). Rs. 21390.5 |
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Answer» <P>The FORMULA for above CONDITION can be given as, Value of machine $(= P{\left({1 - \frac{r}{{100}}} \right)^n})$ Given that P = 65,000, n = 7 YEARS, r = 15% Value of machine $(= 65,000{\left({1 - \frac{{15}}{{100}}}\right)^7})$ ⇒ Value of machine = 65,000 × 0.320 ∴ Value of machine = Rs. 20800 |
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