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The value of a machine depreciates at the rate of 10% every year. It was purchased 3 years ago. If its present value is Rs 9,477, its purchase price was?
A Rs 16,000
B Rs. 18000
c None of these
D Rs 13,000?
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The value of a machine depreciates at the rate of 10% every year. It w...
Given Data:
- Rate of depreciation: 10%
- Present value: Rs 9,477
- Years since purchase: 3 years

Calculation:
- Let the purchase price be Rs x
- After 3 years, the value of the machine can be calculated using the formula:
Present Value = Purchase Price * (1 - Rate of depreciation)^Number of years
- Substituting the given values, we get:
9477 = x * (0.9)^3
9477 = x * 0.729
x = 9477 / 0.729
x = Rs 13,000
Therefore, the purchase price of the machine was Rs 13,000.

Answer:
- D Rs 13,000
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The value of a machine depreciates at the rate of 10% every year. It was purchased 3 years ago. If its present value is Rs 9,477, its purchase price was?A Rs 16,000B Rs. 18000c None of theseD Rs 13,000?
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