The value of a machine depreciates each year by 3 %. what will be the value of the machine bought for rs 1,00,000 after two years.

$94,090.

Step-by-step explanation:  

We have been given that the value of a machine depreciates each year by 3%.

We can see that the value of machine is depreciating exponentially, so let us write an exponential function for the given situation.

Since we know that an exponential function is in form: , where,

a = Initial value.

b = For decay function b equals (1-r), where r is rate in decimal form.

Let us convert our given rate in decimal form.

Upon substituting a=1,00,000, x=2 and r=0.03 in exponential decay function we will get,

Therefore, the value of the machine after 2 years will be $94,090.

i need a picture

step-by-step explanation:

in problems involving proportions, we can use cross products to test whether two ratios are equal and form a proportion. to find the cross products of a proportion, we multiply the outer terms, called the extremes, and the middle terms, called the means.

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