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    Question

    A company purchased a machine for Rs. 50,000. The

    machine depreciates at a rate of 15% per year for two years. After three years, the company sold the machine for Rs. 28,900. What was the percentage of depreciation during the third year only?
    A 16% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 23% Correct Answer Incorrect Answer
    D 24% Correct Answer Incorrect Answer
    E 22% Correct Answer Incorrect Answer

    Solution

    Percentage of depreciation in the first and second year = 15% per year = 36125 Let the percentage of depreciation in the third year alone = x% Then (100-x) % of 36125 = 28,900 100-x = 80 x = 100-80 = 20%

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