The value of a plant depreciates by 10 % annually. If the present value of the plant is Rs. 100000, then what will be its value after 2 years?
Q1. The value of a plant depreciates by 10 % annually. If the present value of the plant is Rs. 100000, then what will be its value after 2 years?
Answer: Rs. 81000
Explanation: Annual depreciation of 10% means value multiplies by 0.9 each year; after 2 years: 100000 × 0.81 = Rs. 81000.