The value of a machine depreciates at the rate of 10% per annum.It eas purchased3 years ago.Its present value is rupees 291600,for how much was it purchased
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Present value of machine = 291600
Value of machine depreciates every year = 10%
value of machine before 1 year = 10% of 291600
=> 10/100×291600
=> 2916000/100
=> 29160
new price = 291600+29160
= 320760
Value of machine before 2 year = 10% of 320760
=> 10/100×320760
=> 3207600/100
=> 32076
new price= 320760+32076
=> 352836
value of machine before 3 year = 10% of 352836
=> 10/100×352836
=> 3528360/100
=> 35283.6
hence the required cost is 35283.6 Rs.
Value of machine depreciates every year = 10%
value of machine before 1 year = 10% of 291600
=> 10/100×291600
=> 2916000/100
=> 29160
new price = 291600+29160
= 320760
Value of machine before 2 year = 10% of 320760
=> 10/100×320760
=> 3207600/100
=> 32076
new price= 320760+32076
=> 352836
value of machine before 3 year = 10% of 352836
=> 10/100×352836
=> 3528360/100
=> 35283.6
hence the required cost is 35283.6 Rs.
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