The value of a machine costing 80000 depreciates at the rate of 15% per annum. What will be the worth of this machine after 3 days?
To find: The amount after three days
Given: (i) Principal – 80000
(ii) Time – 3 days
(iii) Rate – 15% per annum
Deduction = P × R × T
= 98.63
The final amount after deduction = 80000 – 98.63
= 79901.37
The value of the machine after 3 days is Rs. 79901.37
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