Q3 of 52 Page 117

The price of a machine in a leather factory depreciates at the rate of 10% every year. If the present price of the machine be ₹ 100000, let us calculate what will be the price of that machine after 3 years.

We know that after depreciation, the price of machine after n years


Where p = present price of machine, r% = rate of decrease in a year and n = number of years.


Given p = ₹100000, r% = 10% and n = 3 years


Price of machine after 3 years



= ₹72900


Price of the machine after 3 years is ₹72900.


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