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