The value of a machine depreciates at the rate of 20% per annum. If its present value is Rs 96000, then what was the value (in Rs) of the machine 2 years ago? ?->(Show Answer!)

1. The value of a machine depreciates at the rate of 20% per annum. If its present value is Rs 96000, then what was the value (in Rs) of the machine 2 years ago?

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By: anil on 05 May 2019 02.04 am

Present value of machine = Rs. 96,000 and depreciation rate = 20% => Value of machine 1 year ago = $$frac{96000}{(100-20)} imes100$$ = $$1200 imes100=Rs.$$ $$120,000$$ Similarly, value of machine 2 years ago = $$frac{120,000}{(100-20)} imes100$$ = $$1500 imes100=Rs.$$ $$150,000$$ => Ans - (C)

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