Question Details

Detailed explanation and options for the selected question.

An equipment depreciates by 20% each year. What is its value after 2 years if its initial value is Rs. 1000?

A. Rs. 640

B. Rs. 600

C. Rs. 680

D. Rs. 700

Explanation:

After one year: 1000×0.8=800; after two years: 800×0.8=Rs. 640.