Question

The price of a machine depreciates by 20% every year. At the end of 3 years period, the price comes down to 16000. What was the price of machine 2 years back?

Answer 1

Answer:

At the end of Three Year 16000 Rs.

At the end of Three Year 16000 Rs.So , In Second year = (120/100)×16000

= 19200 Rs.

Then , First Year = (120/100)× 19200

= 23040 Rs.

2 YEARS MACHINE PRICE WAS 23040 Rs..