Question

The value of a machine depreciates 12% annually. If the present value of Rs.68,1450 then its value in

3 years ago was.

​

Answer 1

Step-by-step explanation:

first of all your present value of machine is

68150

the machine 3 years ago value is greter than its present value because its depreciated

we take P = 3 year ago value..

present value = p ( 1 - i ) ^n

68150 = p ( 1 - 0.12 )³

68150 = p ( 0.6814 )

p = 68150/0.6814

p=100014.67

i hope u satisfied with ans...