the value of a machine depriciates at rate of 16 2/3%(50%) [er annum. it was purchased 3 years ago. if its present value is 62500 find its purchase price
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Step-by-step explanation:
rate - 50/3
year - 3
principle - x
si - p*r*t/100
62500 - x/2
x - 31250 is priciple
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