Value of machine depreciates every year by 20% if present value of the machine is 54000 rupees what was it on year ago.
(Long answer type question) solve it with steps.
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Answer:
67500
Step-by-step explanation:
let the value of car 1 year ago=x
then 20% of x=x/5
x-x/5=54000
4x/5=54000
x/5=13500
x=67500
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