Question

The value of a machine depreciates 10% every year. If its present value is Rs 387000, what was its value 1 year ago?

Answer 1

Let the value be x.

Given that the machine value depreciates by 10%.

x - x/10

= 9x/10

Given that its present value is 387000.

9x/10 = 387000

9x = 3870000

x = 430000.

It's value 1 year ago = 430000.


Hope his helps!

Answer 2

GIVEN-

rate of depreciation=10%

present value=Rs 387000

TO FIND-

it's value 1 year ago

SOLUTION-

value 1 year ago = 387000×100/(100-10)


=430000

it's value before 1 year was Rs430000