the value of machine depreciates at the rate of 10% per annum it was purchased 3 year ago if its present value is 29 1600 for how much was it purchase
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answer is 400000.
Best of luck bro
Best of luck bro
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Answer:depreciate rate=10%
Time= 3 years
Present value=291600
A= P =[1+r/100>]power n
291600= P[1+10/100] power 3
P=₹377321
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