Question Bank › General Aptitude › Percentage › ABC26GN2430ABC26GN2430 · Percentage Subject: General Aptitude · Chapter: Percentage · Exam: 2008 · Marks: · Difficulty:
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 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.
← Previous in chapter · Chapter list · Next in chapter → Open in whiteboard · Browse this chapter in the app