the value of a machine depreciates at 12.5% per annum it was purchased 3 years ago the present value is 13720 find the original value of the machine 3 years ago
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as the price increases as we go to past
A=P(1+r/100)^t
=13720(1+12.5/100)^3
=19534.921875
hope it helps you
A=P(1+r/100)^t
=13720(1+12.5/100)^3
=19534.921875
hope it helps you
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