Question

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?

• A. Rs. 100000
• B. Rs. 150000
• C. Rs. 200000
• D. Rs. 250000

Answer 1

The correct option is C Rs. 200000

Let the value of machine 2 year ago is x
Then$x\times \frac{90}{100}\times \frac{90}{100}=162000$
$\Rightarrow x=\frac{162000\times 100\times 100}{90\times 90}$
$\Rightarrow x=200000$