The value of a machine depreciates at the rate of 10 percent every year . It was purchased 3 years age . If its present value is rs. 8748, its purchase price was:
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let's it's purchase value is x .then by applying formula of compund interest
8748 = X ( 1-10/100)^3
8748 = X ( 9/10)^3
8748 = X ( 729/1000)
X = 8748* 1000/729
X = 12000 rs
8748 = X ( 1-10/100)^3
8748 = X ( 9/10)^3
8748 = X ( 729/1000)
X = 8748* 1000/729
X = 12000 rs
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