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The value of a machine costing 80000 depreciates at the rate

Question:

The value of a machine costing 80000 depreciates at the rate of 15% per annum. What will be the worth of this machine after 3 days?

Solution:

To find: The amount after three days

Given: (i) Principal - 80000

 (ii) Time $-3$ days

(iii) Rate - 15\% per annum

Deduction = P × R × T

$=80000 \times \frac{15}{100} \times \frac{3}{365}$

= 98.63

The final amount after deduction = 80000 – 98.63

= 79901.37

The value of the machine after 3 days is Rs. 79901.37  

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