Question 113

The present value of an ATM machine is ₹55,000. The value of the machine depreciates at the rate of 25% every year. What will be the value of the machine after two years?

Name: The present value of an ATM machine is ₹55,000. The value of the machine depreciates at the rate of 25% every year. What will be the value of the machine after two years?
Uploaded: 2026-04-29T09:42:35.661727+05:30
Duration: 1 min 56 s
Description: The present value of an ATM machine is ₹55,000. The value of the machine depreciates at the rate of 25% every year. What will be the value of the machine after two years?

Solution

The multiplying factor for a decrease of 25% is 0.75

Hence, the value of the ATM machine after two years shall be 55,000$$\times0.75\times\ 0.75$$, which is 30,937.5

Try SRCC free mock tests now SRCC mocks free

Get AI Help

Video Solution

View More Questions From Profit, Loss, and Interest

SRCC Quant Questions | SRCC Quantitative Ability

SRCC DILR Questions | LRDI Questions For SRCC

SRCC Verbal Ability Questions | VARC Questions For SRCC

Free SRCC Quant Questions

Book Free CAT Mentorship

Get personalized CAT strategy from a 99%iler

500+ students mentored

Phone Number

Preferred Time