Mathematics
A machine depreciates each year at 8% of its value in the beginning of the year. If its value be ₹ 57,500 at the end of the year 2015, find :
(i) its value at the end of the year 2014,
(ii) its value at the end of the year 2016.
Related Questions
The value of a machine depreciates 10% annually. Its present value is ₹ 64,800. Find :
(i) its value after 2 years,
(ii) its value 2 years ago.
A refrigerator was purchased one year ago for ₹ 20,000. Its value depreciates at the rate of 15% per annum. Find:
(i) its present value,
(ii) its value after 1 year.
The compound interest on ₹ 3,750 for 2 years at 8% p.a., compounded annually is:
₹ 604
₹ 614
₹ 624
₹ 642