a machine depreciates each year by 3% of its value at the beginning of each year. its present value is 94090. finds its value two year back
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Present cost of machine = 94090
Cost of machine depreciates every year = 3%
Cost of machine before 1 year = 3% of 94090
=> 3/100×94090
=>282270/100
=> 2822.7
New price => 94090+2822.7
=96912.7
cost of machine before 2 year = 3% of 96912.7
=> 3/100×96912.7
=> 290738.1/100
=> 2907.381
hence the required cost is 2907.381
Cost of machine depreciates every year = 3%
Cost of machine before 1 year = 3% of 94090
=> 3/100×94090
=>282270/100
=> 2822.7
New price => 94090+2822.7
=96912.7
cost of machine before 2 year = 3% of 96912.7
=> 3/100×96912.7
=> 290738.1/100
=> 2907.381
hence the required cost is 2907.381
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