The value of a machine depreciates at the rate of 12 percent per annum. It was purchased three years ago. Its… · ABC26GN2430

Subject: General Aptitude · Chapter: Percentage · Exam: S.B.I.P.O. 2008

The value of a machine depreciates at the rate of 12 percent per annum. It was purchased three years ago. Its present value is ₹ 29644.032. What was the purchase price of the machine?

(a)₹ 38900

(b)₹ 39000

(c)₹ 43500

(d)₹ 48700

(e)None of these

Answer

Answer (as printed): C

Explanation

Purchase price $=₹\left[\frac{29644.032}{\left(1-\frac{12}{100}\right)^{3}}\right]$ $$=₹\left(29644.032 \times \frac{25}{22} \times \frac{25}{22} \times \frac{25}{22}\right)=₹ 43500 .$$

Explanation as extracted from the printed page; notation may be imperfect.

Study loop for Percentage

1. Practise the PYQsPrevious-year questions, with answers

· Browse this chapter in the app