Accountancy, asked by athar9771, 1 year ago

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 RohitSaketi
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
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