Question

the value of a machine depreciates 10% annually.if it's present value is 18000 what will be its value one years ago?
kindly explain also​

Answer 1

Step-by-step explanation:

Let us suppose the value of the machine 1 year ago be 'x'

10% of x =x×

100

10

=

10

x

As per question

x−

10

x

=38700

10

9x

=38700

9x=387000

x=

9

387000

x=43000

Hence the value of machine 1 year ago will be Rs.43000