Two years ago the value of a machine was 62 500 .if it's value depreci – InterviewSolution

1.	Two years ago the value of a machine was 62 500 .if it's value depreciate by 4%every year,what is it's present value?
Answer» $ 65000Step-by-step EXPLANATION:FIRST you will have to rightP=62500R=4%T=2yearsafter that you will have to dopercentage=65000/100×4 =2500now, price=Principal+percentage =62500+2500 $=65000

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