Compound Interest Practice Test 2

Question : 24 of 40

Marks: +1, -0

A man purchased a sewing machine for Rs. 5000. If due to sustained use value of this sewing machine depreciates by 6% annually, find its value after 3 years.

Rs. 3775.67
Rs. 4152.92
Rs. 4250.25
Rs. 4356.25

Validate

Solution:

Here, value of the machine after 3 years

=5000(1-6/100)^3

=5000×47/50×47/50×47/50

=4125.92

Go to Question:

Prev Question

Next Question