The value of a machine depreciates every year at the rate of 10% per annum, on its value at the beginning of that year, If the present value of the…

CA Foundation · Quantitative Aptitude · PYQS · September 2024
The value of a machine depreciates every year at the rate of 10% per annum, on its value at the beginning of that year, If the present value of the machine is ₹ 72,900, then machine's worth 3 years ago was:
(A) A. ₹ 80,000
(B) B. ₹ 94,710
(C) C. ₹ 1,00,000
(D) D. ₹ 75,087

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. ₹ 1,00,000

Topics: Part-A: Business Mathematics

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