A machine depreciates at the rate of 10% of its value at the beginning of a year. If the present value of a machine is rs 4000, find its value after 3 years.

Answer: 2916
Explanation

P=Rs. 4000

r=10%

n=3 years

Now, as the value of the machine depreciated every year by 10%,


Hence, the value of the machine after 3 years is Rs. 2916.

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