The cost of a sewing machine is Rs 7,000. Its value depreciates at 8% p.a. Then the value of the machine after 2 years is Rs 5,924.80. Is the following statement true or false

Solution:

Cost of the sewing machine = Rs. 7000

Value of the machine after first year = 7000 - (8/100) × 7000 = 7000 - 560 = Rs. 6440

Value of the machine after second year = 6440 - (8/100) × 6440 = 7440 - 515.20

= Rs. 5924.80

Hence the statement is True.

✦ Try This: The cost of a sewing machine is Rs 10,000. Its value depreciates at 10% p.a. Then the value of the machine after 2 years is Rs 8000. Is the following statement true or false

Cost of the sewing machine = Rs. 10,000

Value of the machine after first year = 10,000- (10/100) × 10,000 = 10,000 - 1000 = Rs. 9000

Value of the machine after second year = 9000 - (10/100) × 9000 = 9000 - 900 = Rs. 8100

Hence the statement is False.

☛ Also Check: NCERT Solutions for Class 8 Maths Chapter 8

NCERT Exemplar Class 8 Maths Chapter 9 Problem 54

The cost of a sewing machine is Rs 7,000. Its value depreciates at 8% p.a. Then the value of the machine after 2 years is Rs 5,924.80. Is the following statement true or false

Summary:

The statement “The cost of a sewing machine is Rs 7,000. Its value depreciates at 8% p.a. Then the value of the machine after 2 years is Rs 5,924.80.” is true

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