The value of a machine depreciates by 10% each year. If its present value is Rs. 412100, find its value in the previous year
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Answer:
Rs.3,70,890
Step-by-step explanation:
Let the value in previous year be 'x'
present value of the machine. y= 412100
rate of depreciation r=10%
time n= 1
So
=> x= 41210×9
=370890
Hence the value of the machine in previous year is Rs.3,70,890
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