Question 11 Mark
The cost of a machine depreciates by 10% every year. If its present worth is Rs.18,000; what will be its value after three years?
Answer
View full question & answer→Applying the formula, we get;
Value after 3 years = ₹ 18,000 $\left(1-\frac{10}{100}\right)^3$
= ₹ 13,122
Value after 3 years = ₹ 18,000 $\left(1-\frac{10}{100}\right)^3$
= ₹ 13,122