Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

The value of a washing machine purchased two years ago depreciation at the annual rate of 10%. If its present value of ₹50,000, then its value after two years will be :

Options:

₹40,000

₹42,000

₹40,500

₹36,500

Correct Answer:

₹40,500