Depreciation applicable to an equipment is 20 | vedclass

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(B) Let the initial value of the equipment be $x$.The value after $3$ years of depreciation at a rate of $20 \%$ per annum is given by the formula: $V

Vedclass · Accepted Answer

$48.8$

Vedclass · Answer

(B) Let the initial value of the equipment be $x$.The value after $3$ years of depreciation at a rate of $20 \%$ per annum is given by the formula: $V = x(1 - \frac{R}{100})^N$.Substituting the values: $V = x(1 - \frac{20}{100})^3$.$V = x(0.8)^3 = x 	imes 0.512 = 0.512x$.The decrease in value is $x - 0.512x = 0.488x$.To express this as a percentage: $0.488 	imes 100 = 48.8 \%$.

Depreciation applicable to an equipment is $20 \%$. The value of the equipment $3$ years from now will be less by: (in $\%$)

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