CUET Preparation Today
The value of a machine purchased two years ago, depreciates at the annual rate of 10%. If its present value is ₹97200 then its value (in ₹) after 3 years from now is : |
70858.80 72948.75 73948.40 70000.00 |
70858.80 |
The correct answer is Option (1) → 70858.80 The depreciation follows, $FV=P×(1-r)^t$ $=97200×(1-0.10)^3$ $=70858.80$ |
