Home
Class 7
MATHS
The value of amachine depricites at the ...

The value of amachine depricites at the rate of 10% per annum. if its present value is ₹ 10000. what will be its value after 2 years?

Text Solution

AI Generated Solution

The correct Answer is:
To find the value of a machine after 2 years of depreciation at a rate of 10% per annum, we can follow these steps: ### Step 1: Understand the depreciation rate The machine depreciates at a rate of 10% per annum. This means that each year, the value of the machine will decrease by 10% of its current value. ### Step 2: Calculate the depreciation for the first year - Present value of the machine = ₹10,000 - Depreciation for the first year = 10% of ₹10,000 \[ \text{Depreciation} = \frac{10}{100} \times 10,000 = ₹1,000 \] - Value after the first year = Present value - Depreciation \[ \text{Value after 1 year} = 10,000 - 1,000 = ₹9,000 \] ### Step 3: Calculate the depreciation for the second year - Now, the present value for the second year is ₹9,000. - Depreciation for the second year = 10% of ₹9,000 \[ \text{Depreciation} = \frac{10}{100} \times 9,000 = ₹900 \] - Value after the second year = Value after first year - Depreciation \[ \text{Value after 2 years} = 9,000 - 900 = ₹8,100 \] ### Final Answer The value of the machine after 2 years will be ₹8,100. ---
Promotional Banner

Topper's Solved these Questions

  • PERCENTAGE

    RS AGGARWAL|Exercise EXERCISE10 C|22 Videos
  • MENSURATION

    RS AGGARWAL|Exercise TEST PAPER (True/False)|4 Videos
  • PROBABILITY

    RS AGGARWAL|Exercise EXERCISE|4 Videos

Similar Questions

Explore conceptually related problems

The value of a machine depreciates at the rate of 10% per annum.If its present value is Rs.1,62,000, what will be its worth after 2 years? What was the value of the machine 2 years ago?

The value of a machine depreciates 10% annually. If its present value is ₹ 25000, what will be its value after 1 year?

The value of a machine dereciates at the rate of 10% per annum. It was purchased 3 years ago for 60000. What is the present value of the machine?

The value of a machine depreciates every year by 5%. If the present value of the machine be Rs 100000, what will be its value after 2 years?

the value of a machine depreciates 10% every year if its present value is ₹387000 what was its value 1 year ago

The value of a machine depreciates at the rate of 10% per annum. It was purchased 3 years ago. If its present value is Rs 291600. for how much it purchased?