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.]