The value of a machine depreciated by 10% per year during the first two years and 15% per year during the third year. Express the total depreciation of the machine, as percent, during the three years.
Compound Interest
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Question

The value of a machine depreciated by 10% per year during the first two years and 15% per year during the third year. Express the total depreciation of the machine, as percent, during the three years.

KnowledgeBoat · Accepted Answer

Let initial value of machine be ₹ x. For first year : P = ₹ x R = 10% T = 1 year Depreciation = . Value at end of 1 year = P - Depreciation = . For second year : P = ₹ R = 10% T = 1 year Depreciation = . Value at end of second year = P - Depreciation = . For third year : P = ₹ R = 15% T = 1 year Depreciation = . Value at end of third year = P - Depreciation = . Total depreciation = Initial value - Value at end of third year Percent depreciated Hence, total depreciation of machine = 31.15%.

Mathematics

The value of a machine depreciated by 10% per year during the first two years and 15% per year during the third year. Express the total depreciation of the machine, as percent, during the three years.

Compound Interest

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