Question

The cost of a machine is Rs 2,50,000. It depreciates at the rate of 4% per annum. Find the cost of the machine after three years.

Answer 1

Here, P = Cost of the machine = Rs 2,50,000 

R = Rate of depreciation = 4% 

N = 3 Years 

A = Depreciated price of the machine

∴The cost of the machine after three years will be Rs 2,21,184.