Question

the value of machine depricates 10 percent every year it was purchased 3 yaers ago present value is 7390 it's purchase price is​

Answer 1

Answer:

The value of a machine depreciates at the rate of 10% every year. It was purchased 3 years ago. If its present value is Rs. 8748, its purchase price was :

A) 10000

B) 12000

C) 14000

D) 16000

Answer: B) 12000

Explanation:

Purchase price = Rs.[8748(1−10100)3] = Rs. [8748 * (10/9) * (10/9 )* (10/9)] = Rs.12000