The value of a machine depreciates at the rate of $10 %$ per annum. What will be its value 2 years hence, if the present value is Rs 100000? Also, find the total depreciation during this period.

see full answer

High-Paying Jobs That Even AI Can’t Replace — Through JEE/NEET

🎯 Hear from the experts why preparing for JEE/NEET today sets you up for future-proof, high-income careers tomorrow.

An Intiative by Sri Chaitanya

Rs.18232

Rs.27192

Rs.19000

Rs.17352

answer is C.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

Given,
Price of a boat = Rs 100000
Depreciation rate = 10% per annum
The depreciation rate is the percentage rate at which asset is depreciated across the estimated productive life of the asset.
Use the formula,

A = P (1 − R 100) t ⇒ A = 100000 1 − 10100 2 ⇒ A = 100000 0.90 2 ⇒ A = Rs 81000

Depreciation value

= 100000 − 81000

⇒ Rs 19000
The depreciation during the period of two year is Rs 19,000.
Hence, the correct option is 3.

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Online Course for IIT JEE

Best Online Course for NEET

Best Online Course for CBSE

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Get Expert Academic Guidance – Connect with a Counselor Today!