The value of a machine is ₹50,000. If each year, its value depreciates by 5%, what will its value be at the end of 2 years?
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The value of a machine is ₹50,000. If each year, its value depreciates by 5%, what will its value be at the end of 2 years?
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Answer:
5000 is the write answer.
Given :-
Aim :-
Formula to use :-
By substituting the values,
Taking LCM as 100,
Reducing to the lowest terms,
Cancelling,
Therefore after 2 years, the value of the machine will be ₹45125.
Some more formulas :-