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option .no.2
Explanation
Sunil bought a 3 year old machine from Anil.
The price of machine at which Sunil bought = Rs. 7,29,000
Its value decreases by = 10 p.c.p.a.
Let the value of the machine when Anil purchased be 'x'.
Now we use the formula :
\text{Current value}=p(1-r)^t
p = purchased value, r = pcpa (10%) t = time (3 years)
7,29,000 = p(1-0.10)³
7,29,000 = p(0.9)³
7,29,000 = p × 0.729
p = \frac{7,29,000}{0.729}
p = 10,00,000 Rs.
Price of the machine was 10,00,000 when Anil bought it.
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