The value of a machine, purchased two years ago, deprecaites at the annual rate of 10%. It its present value is Rs97200, find :
(i) its value after 3 years and (ii) its value when it was purchased.
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Step-by-step explanation:
Value at the end of 2 years = Rs. 97200. Value at the end of second year = 90% of value at the end of first year.
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