The value of a machine depreciate by 9%every year its present value is 400400.find its intial value
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R = Initial Value = ?
i = Rate of depreciation= 9%
n = time = 1 year
S = value after 1 year =400400
S = R(1 -i)^n
400400= R ( 1 - 9/100)^1
400400= R(1 - 0.09)
400400/0.91 = R
440000 = R = Initial Value
i = Rate of depreciation= 9%
n = time = 1 year
S = value after 1 year =400400
S = R(1 -i)^n
400400= R ( 1 - 9/100)^1
400400= R(1 - 0.09)
400400/0.91 = R
440000 = R = Initial Value
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