14. Exemplar exercise problems VII

1. The cost of a sewing machine is $Rs. 7,000$. Its value depreciates at $8 \%$ p.a. Then the value of the machine after $2$ years is $Rs. 5,924.80$. TrueFalse

 

2. The value of a car, bought for $Rs. 4,40,000$ depreciates each year by $10 \%$ of its value at the beginning of that year. So its value becomes $Rs. 3,08,000$ after three years. TrueFalse