the value of a machine depreciates every year by 20%if the present value of the machine be rupees 160000,what was its value last year
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Given, Rate of depreciation = 20%
Value of machine today = 160000
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Now, as the value is depreciating,
So before 1 year the value of machine was 100%
After 1 year that is today the value of machine has fallen by 20%
So value of machine today = 100 - 20 = 80%
Let the value of machine last year was x
Value of machine today is,
80% of x = 160000
80x/100 = 160000
80x = 16000000
x = 16000000/80
x = 200000
So, value of machine before 1 year was 200000.
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