Percentage Practice Test 1 with solutions

Question : 34 of 40

Marks: +1, -0

Depreciation applicable to an equipment is 20%. The value of the equipment 3 years from now will be less by

Solution:

Let the initial value = Rs. 100, then
Required value

= 100 (1 -20/100)^3

=100×4/5×4/5×4/5

= Rs. 51.20
Since, required depreciation % = 100 – 51.20 = 48.8%

Go to Question:

Prev Question

Next Question