The value of machine depreciates at the rate 10% per annum. If its present value is Rs. 1,62,000. What was the value of the machine 2 years ago?
Rs. 100000
Rs. 150000
Rs. 200000
Rs. 250000
A
Rs. 100000
B
Rs. 250000
C
Rs. 150000
D
Rs. 200000
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Solution
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The correct option is C Rs. 200000 Let the value of machine 2 year ago is x Thenx×90100×90100=162000 ⇒x=162000×100×10090×90 ⇒x=200000
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