A machine depreciates at the rate of 10% of its value at the beginning of a year. If the present value of a machine is rs 4000, find its value after 3 years.
- 2916
- 3916
- 4916
- none
Explanation
P=Rs. 4000
r=10%
n=3 years
Now, as the value of the machine depreciated every year by 10%,
Hence, the value of the machine after 3 years is Rs. 2916.
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