Question
Download Solution PDFThe value of a machine depreciates every year by 5%. If the present value of the machine is Rs. 80,000, what will be its value after 2 years?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Present value of the machine = Rs. 80,000
Depreciation rate per year = 5%
Formula Used:
Value after n years = Present Value × (1 - Depreciation Rate)n
Calculation:
Depreciation Rate = 5% = 0.05
n = 2 years
Value after 2 years = 80,000 × (1 - 0.05)2
⇒ Value after 2 years = 80,000 × (0.95)2
⇒ Value after 2 years = 80,000 × 0.9025
⇒ Value after 2 years = 72,200
The value of the machine after 2 years will be Rs. 72,200.
Last updated on May 28, 2025
-> The SSC has released the SSC CHSL exam calendar for various exams including CHSL 2025 Recruitment. As per the calendar, SSC CHSL Application process will be active from 23rd June 2025 to 18th July 2025.
-> The Exam Date for the SSC CHSL 2025 will be from 8th September 2025 to 18th September, 2025.
-> The SSC CHSL is conducted to recruit candidates for various posts such as Postal Assistant, Lower Divisional Clerks, Court Clerk, Sorting Assistants, Data Entry Operators, etc. under the Central Government.
-> The SSC CHSL Selection Process consists of a Computer Based Exam (Tier I & Tier II).
-> To enhance your preparation for the exam, practice important questions from SSC CHSL Previous Year Papers. Also, attempt SSC CHSL Mock Test.