The value of a machine depreciates every year by 5%. If the present value of the machine be Rs 100000, what will be its value after 2 years?
Present value of machine = Rs.100000
Depreciation in price every year = 5%
Hence,
= Rs.90250
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The value of a machine depreciates every year by 5%. If the present value of the machine be Rs 100000, what will be its value after 2 years?
Present value of machine = Rs.100000
Depreciation in price every year = 5%
Hence,
= Rs.90250