Question:1
The value of a machine depreciates every year by 20%. If the present value of the machine be 160000, what was its value last year?
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present value= RS 160000 Then value of mechine one year ago = 160000 × 100/ 100- 20 = 160000 × 100/80 = 200000
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Bengaluru
17th August, 20XX
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