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the rate of a deprection of a machine is 10% p.a . if the present value of the machine is RS 99000/ .what iwas its value last year . explain |
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Answer» PRESENT value of the MACHINE = RS 99000 Rate of depriciation = 10% Present value = value of LAST year×(1-r/100)^n 99000 = value of last year ×(1-10/100)^1 99000 = value of last year ×(90/100) value of last year = 99000×100/90 value of machine last year = 9900000/90 = 110,000 |
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