A printing machine depreciates in value by 8% every year at the end of year 2002 it is valued at rupees 18 400 .Calculate its value at the end of year 2002 and year 2001 ?

Let cost of printing machine at end of year 2001 = x

A printing machine depreciates in value by 8% every year

So, Cost of printing machine at end of year 2002 = 0.92*x

Cost of printing machine at end of year 2002 is 18400

$\Rightarrow$0.92x=18400

$\Rightarrow$x=20000

cost of printing machine at end of year 2001 is Rs 20,000

Cost of printing machine at end of year 2003 = 0.92*0.92*x=0.92*18400= Rs 16928

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