The value of a machine depreciates at the rate of 12 percent per annum. It was purchased three years ago. Its present value is Rs. 29644.032. What was the purchase price of the machine ?

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BANK PO Exam (SBI) 2008 click here to view all questions

The value of a machine depreciates at the rate of 12 percent per annum. It was purchased three years ago. Its present value is Rs. 29644.032. What was the purchase price of the machine ?

ARs. 48700

BRs. 43500

CRs. 38900

DRs. 39000

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Correct answer is: Rs. 43500 Explanation: $\begin{array}{rl}& =\text{Rs}\text{.}\left[\frac{29644.032}{{\left(1-\frac{12}{100}\right)}^3}\right]\\ & =\text{Rs}\text{.}\left(29644.032\times \frac{25}{22}\times \frac{25}{22}\times \frac{25}{22}\right)\\ & =\text{Rs}.43500\end{array}$ nithin ? answered Aug 8 '2022 at 22:16 All Comments

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