Question

38. The value of a machine decreases every year at
the rate of 5%. If its present value is Rs411540,
what was its value before 3 years ago?​

Answer 1

Answer:

Given,

P = 411540

R = 5% p.a

T(n) = 3 years

Therefore,

S.I = 411540*5*3/100

= 61731

Amount= 411540– 61731

= 349809