The value of a machine depreciates every year by 10%.If the present value of the machine be
₹9900,What was its value last year?
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Answer:
Heya ☺
Given that
Present value of a machine = ₹9,900
Rate of depreciation = 10 % p.a.
Time period = 1 year
Solution
Value of machine in last year = P(1-R/100)^n
=> 9,900 = P(1-10/100)
=> 9,900 = P(100-10/100)
=> 9,900 = P(90/100)
=> 9,900 = P × 9/10
=> P = 9,900 × 10/9
=> P = ₹11,000
PLZ MARK AS BRIANLIEST AND THX FOR THE SUPERB QUESTION
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