If the price of a machine increases by 10% every year, calculate the present cost of a machine which costs N200,000.00 two years ago.
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Answer:
The price= 200000
Step-by-step explanation:
ANSWER
Let the value of machine 2 year ago is x
Thenx×
100
90
×
100
90
=162000
⇒x=
90×90
162000×100×100
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⇒x=200000
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