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1. Life Mathematics
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Q6 of 94 Page 32

The present value of an oil engine is Rs. 14,580. What was the worth of the engine 3 years before if the value depreciates at the rate of 10% every year?

present value of an oil engine = 14,580.

Rate of depreciation(R) = 10%


No. of years(n) = 3


Value of engine oil before 3 years (P) = ?


present value of an oil engine =


14,580 =


14,580 =


P =


P = 20,000


Value of engine oil before 3 years (P) is 20,000


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Questions · 94
1. Life Mathematics
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