The value of a machine depreciates every year by 10%. If its present value is ₹35,000, then the value of the machine after 2 years will be:
Answer & explanation
Correct answer: option 1
90% = \(\frac{9}{10}\)
Present value of machine = 35000
ATQ ,
New value of Machine after 2 years ,
= 35000 × \(\frac{9}{10}\) × \(\frac{9}{10}\)
= 28350
So , Value of Machine after 2 years is Rs.28350 .