Question

The value of the machine purchased 3 years ago depreciates at the annual rate of 10%. If its present value is Rs 97200. Find its value after 3 years.

Answer 1

Step-by-step explanation:

ANSWER

Let the value of machine 2 year ago is x

Thenx×

100

90

×

100

90

=162000

⇒x=

90×90

162000×100×100

⇒x=200000

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