Compound Interest Practice Test 4

Question : 29 of 40

Marks: +1, -0

The value of a machine depreciates at 5% every year. If the machine was purchased for Rs 80,000, find its value after 3 years.

Solution:

Value after 3 years

=P(1-R/100)^t

=80,000(1-5/100)^3

=80000×19/20×19/20×19/20

= 10 × 19 × 19 × 19 = 68,590

Go to Question:

Prev Question

Next Question