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 :

Q: 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 :

Purchase price = R s . 8748 1 - 10 100 3 = Rs. [8748 * (10/9) * (10/9 )* (10/9)] = Rs.12000

10000
12000
14000
16000

Correct Answer: 12000

Explanation:

Purchase price = $R s . \frac{8748}{}$ = Rs. [8748 * (10/9) * (10/9 )* (10/9)] = Rs.12000

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