Question

15. The value of a machine depreciates at the rate of 10% per annum. It was purchased 3 years ago its present value is 2,91,600 for how much was it purchased​

Answer 1

Answer:

Correct option is

A

Rs 1000

Let value of machine 3 years ago = x

Depreciation rate = 10% p.a.

Present value = 729

x(1−

100

10

3

) = 729

x = Rs 1000

Explanation:

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