JAMB - Mathematics (2018 - No. 18)
A machine valued at N20,000 depreciates by 10% every year. What will be the value of the machine at the end of two years?
N16,200
N14,200
N12,000
N8,000
Explanation
Since it depreciates by 10% At the end of first year, its value = 90% of 20000
= \(\frac{90}{100}\) x 20000 =18000
At the end of second year, its value = 90% of 18000
= \(\frac{90}{100}\) x 18000 = ₦16,200
Answer is A
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