Q2 of 104 Page 465

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?

To find: The amount after three days


Given: (i) Principal – 80000


(ii) Time – 3 days


(iii) Rate – 15% per annum


Deduction = P × R × T



= 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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