Advertisements
Advertisements
Question
The value of a machine depreciates at 10% per year. If the present value is ₹ 1,62,000, what is the worth of the machine after two years?
Advertisements
Solution
Present value of the machine = ₹ 1,67,000
Rate of depreciation = 10% per annum
Time (n) = 2 years
For 1 year depreciation amount = `(1,62,000 xx 1 xx 10)/100` = ₹ 16,200
Worth of the machine after one year = Worth of Machine – Depreciation
= 1,67,000 – 16,200
= 1,45,800
Depreciation of the machine for 2nd year
= `145800 xx 1 xx 10/100` = 14580
Worth of the machine after 2 years
= 1,45,800 – 14,580
= 1,31,220
∴ Worth of the machine after 2 years = ₹ 1,31,220
APPEARS IN
RELATED QUESTIONS
Rohit borrowed Rs. 24,000 at 7.5 percent per year. How much money will he pay at the end of the 4th years to clear his debt?
What sum of money borrowed on 24th May will amount to Rs.10210.20 on 17th October of the same year at 5 percent per annum simple interest.
Raj borrows Rs.8,000; out of which Rs. 4500 at 5% and the remainder at 6%. Find the total interest paid by him in 4 years.
If ₹ 3,750 amount to ₹ 4,620 in 3 years at simple interest. Find:
(i) the rate of interest
(ii) the amount of Rs. 7,500 in `5 1/2` years at the same rate of interest
Angela deposited 15000 rupees in a bank at a rate of 9 p.c.p.a. She got simple interest amounting to 5400 rupees. For how many years had she deposited the amount?
In What time will ₹ 16,500 amount to ₹ 22,935 at 13% per annum?
Stephen invested ₹ 10,000 in a savings bank account that earned 2% simple interest. Find the interest earned if the amount was kept in the bank for 4 years
The sum which will earn a simple interest of ₹ 126 in 2 years at 14% per annum is ______.
Radhika borrowed ₹ 12000 from her friends. Out of which ₹ 4000 were borrowed at 18% and the remaining at 15% rate of interest per annum. What is the total interest after 3 years?
What sum of money lent out at 16 per cent per annum simple interest would produce ₹ 9600 as interest in 2 years?
