Mathematics for FinanceMTP Nov 20Question 1310 of 422
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A Machine was purchased for $10,000$. Its rate of depreciation is $10\%$ in the first year and $5\%$ per annum afterwards. Find the depreciated value of Machine after $7$ years of purchase.

Options

A$6606$
B$6616$
C$6660$
D$6661$
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Correct Answer

Option b$6616$

All Options:

  • A$6606$
  • B$6616$
  • C$6660$
  • D$6661$

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