Question

A new laptop depreciates at 8% per annum in the first year and 12% per year in the second year. If its value at the end of the second year was sh.121,440, calculate its original value.

Answer 1

12. 0.92x x 0.88x = 121,440
X90.92 x 0.88=   ^121,440/_0.92x0.88
X=sh.150,000