the value of a machine depreciates 10% every year . if its present value is Rs 387000, what was its value 1 year ago?
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present value of mahine = RS 387000
if it's value depreciates 10% every year
then,
let it's value after 1 year be x.
percentage of machine = 100% - 10% : 90%
: 90 % of x = 387000
90/100x = 387000
387000×90/100
::- 348300
if it's value depreciates 10% every year
then,
let it's value after 1 year be x.
percentage of machine = 100% - 10% : 90%
: 90 % of x = 387000
90/100x = 387000
387000×90/100
::- 348300
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