Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

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 :

Options:

70858.80

72948.75

73948.40

70000.00

Correct Answer:

70858.80