Question

The value of a machine depreciates at the rate of 10% every year. It was purchased 3 years ago. If its present value is Rs. 8748, its purchase price was:​

Answer 1

Answer:

8748, Time=3yrs and the rate is getting depreciated at 10% of every year. Thus, we will let the value of the initial price as x and as the rate is getting depreciated so, we will use −10% per annum. Thus, from this, we get the initial price value of the machine as Rs. 12000.