The value of a machine depreciates at the rate of 10% per annum. It was purchased 3 years ago. If its present value is Rs. 43740, find its purchase price.
Given,
Depreciation rate of machine = 10% p.a
Present value of machine = Rs.43740
Let its purchase price 3 years ago = Rs. X
So,
=X
= X
= X =
Hence,
Purchase price of machine was = Rs.60000