Mathematics
A machine depreciates at the rate of 12% of its value at the beginning of a year. The machine was purchased for ₹ 10,000 and is sold for ₹ 7,744. The number of years, that the machine was used is:
2
4
6
8
Compound Interest
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Answer
Given,
Initial value (P) = ₹ 10,000
Depreciated value (A) = ₹ 7,744
R = 12%
Value of machine after n years =
Hence, option 1 is correct option.
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Related Questions
A machine depreciates at the rate of 10% of its value at the beginning of a year. If the present value of a machine is ₹ 8,000, its value after 3 years will be:
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The value of a machine depreciates every year at a constant rate. If the values of the machine in 2006 and 2008 are ₹ 25,000 and ₹ 19,360 respectively, then the annual rate of depreciation is:
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Case Study
In 2015, the population of a town was 20000. During 2016 and 2017, it increases by 4% and 5% every year respectively. In 2018, due to an epidemic and migration to cities, the population decreases at 5%. Based on the above information answer the following questions:
The population of the town in 2016 was:
(a) 20800
(b) 20500
(c) 20460
(d) 20300The difference in the population of the town at the end of the years 2017 and 2015 was:
(a) 1500
(b) 1700
(c) 1800
(d) 1840The population of the town at the end of the year 2018 was:
(a) 20100
(b) 20500
(c) 20748
(d) 20850Which of the following expressions gives the population at the end of the year 2018?
(a)
(b)
(c)
(d)If the population of the town at the end of 2019 was 21,163, then during 2019, the population increases at the rate of:
(a) 2%
(b) 3%
(c) 3.5% (d) 4%