The value of a machine, purchased two years ago, depreciates at the annual rate of 10%. If it’s present value is
`97200, then find. (a) its value after 3 years. (b) its value when it was purchased.
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10%depreciates annually
=97200-10%of 97200
=97200-9720
=87480 after one year machine value
87480-10% of 87480
87480-8748=78732 after two year machine value
78732-10%of78732
78732-7873.2=70858.8
=97200-10%of 97200
=97200-9720
=87480 after one year machine value
87480-10% of 87480
87480-8748=78732 after two year machine value
78732-10%of78732
78732-7873.2=70858.8
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