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A unit of welding machine cost P 45,000 with an estimated life of 5 years. Its salvage value is P 2.500. Find the depreciation rate

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A unit of welding machine cost P 45,000 with an estimated life of 5 years. Its salvage value is P 2.500. Find the depreciation rate by straight line method. Mr. Ray has deposited $150 per month into anordinary annuity. After 14 years, the annuity is worth$85.000. What annual rate compounded monthly has this annuity earned during the 14 year period

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