22. Five marks example problems III

The present value of a machine is $₹40,000$ and its value depreciates each year by $10\%$. Find the estimated value of the machine in the $6^{th}$ year.

 

Answer:

 

The estimated value of the machine in the $6^{th}$ year $=$ $₹$$i$

 

[Note: Round off your answer to one decimal place.]