Q5 of 89 Page 14

The value of a machine depreciates at the rate of 10% per annum. It was purchased 3 years ago. If its present value is Rs. 43740, find its purchase price.

Given,


Depreciation rate of machine = 10% p.a


Present value of machine = Rs.43740


Let its purchase price 3 years ago = Rs. X


So,


=X


= X


= X =


Hence,


Purchase price of machine was = Rs.60000


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