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.

where is abdul's work? don't see that anywhere posted : /

step-by-step explanation:

sorry i really don't know what tiles and steps you are referring to

step-by-step explanation: