Question

The value of a Machine depreciates by 9%.
every year
its present value is₹400400
find it's initial value ​

Answer 1

Assuming that the machine was put to use for 1 year from now.

Given Present Value of the machine = 400400

Rate of depreciation = 9%

let the Initial Value be 'x'

x(1 - i )^n = 400400

x(1 - 9℅)^1 = 400400

x(1 - 0.09) = 400400

x(0.91) = 400400

x = 400400/0.91

x = 440000

So the initial value will be 440000 .If N=Time=1 year.

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Answer 2

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