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      Question

      A machine bought at Rs. 50,000 falls in its value by 8%

      of its value every year. Find the value of the machine after 2 years.
      A ₹ 40,000 Correct Answer Incorrect Answer
      B ₹ 43,220 Correct Answer Incorrect Answer
      C ₹ 42,000 Correct Answer Incorrect Answer
      D ₹ 42,320 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      The correct answer is D

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