Question

the value of amachime depreciates every year by 20%.if the present value of the machine be 160000,what was its value last year?

Answer 1

Find the Rate % if a sum of money amounts to Rs 7520 in 15 years and to Rs ... The value of a machine depreciates by 10% every year.

Answer 2

Hey!

Let the value be 100x last year.
Value is depreciated 20% that means
= 100x-100x*20/100 = 80x.
This year's price= 80x
Also this year's price=160000.

So 80x= 160000.
x= 160000/80. = 2000.
100x= 2000*100.
= 200000Rs.
Last year the machine's value was 200000Rs.

Hope it helps.

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