The value of the sewing machine deprecites at the rate of 10% after every year if the end if three years its calue is rs.8748 then find the purshage value
Answers
Answered by
22
Purchase value = P = ?
Rate of depreciation= i = 10%
No.of Years = n =3
Value at the end of 3 years = A = 8748
We know that
A = P(1-i)^n
8748 = P(1 -10/100)^3
8748 = P( 1 - 0.1)^3
8748 = P(0.9)^3
8748 = P(0.729)
8748/0.729 = P
12000 = P = Purchase value of the sewing machine
Rate of depreciation= i = 10%
No.of Years = n =3
Value at the end of 3 years = A = 8748
We know that
A = P(1-i)^n
8748 = P(1 -10/100)^3
8748 = P( 1 - 0.1)^3
8748 = P(0.9)^3
8748 = P(0.729)
8748/0.729 = P
12000 = P = Purchase value of the sewing machine
Similar questions