Advertisements
Advertisements
Question
The cost of a sewing machine is Rs 7,000. Its value depreciates at 8% p.a. Then the value of the machine after 2 years is Rs 5,924.80.
Options
True
False
Advertisements
Solution
This statement is True.
Explanation:
Principal = Rs. 7000
Rate of depreciation = 3% per annum
Time period = 2 yr
`A = P(1 - R/100)^n`
= `7000(1 - 8/100)^2`
= `7000 xx 23/25 xx 23/25`
= 11.2 × 23 × 23
= Rs. 5924.8
APPEARS IN
RELATED QUESTIONS
The population of a place increased to 54,000 in 2003 at a rate of 5% per annum. what would be its population in 2005?
In a laboratory, the count of bacteria in a certain experiment was increasing at the rate of 2.5% per hour. Find the bacteria at the end of 2 hours if the count was initially 5,06,000.
Compute the amount and the compound interest in the following by using the formulae when:
Principal = Rs 3000, Rate = 5%, Time = 2 years
Compute the amount and the compound interest in the following by using the formulae when:
Principal = Rs 3000, Rate = 18%, Time = 2 years
6400 workers were employed to construct a river bridge in four years. At the end of the first year, 25% workers were retrenched. At the end of the second year, 25% of those working at that time were retrenched. However, to complete the project in time, the number of workers was increased by 25% at the end of the third year. How many workers were working during the fourth year?
The population of a town increases at the rate of 40 per thousand annually. If the present population be 175760, what was the population three years ago.
The value of a refrigerator which was purchased 2 years ago, depreciates at 12% per annum. If its present value is Rs 9680, for how much was it purchased?
The cost price of a machine is 2,50,000. If the rate of depreciation is 10% per year, find the depreciation in price of the machine after two years.
Gautam takes a loan of ₹ 16,000 for 2 years at 15% p.a. compound interest. He repays ₹ 9,000 at the end of the first year. How much must he pay at the end of the second year to clear the debt?
The value of a car, bought for Rs 4,40,000 depreciates each year by 10% of its value at the beginning of that year. So its value becomes Rs 3,08,000 after three years.
