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. 8748, its purchase price was :
A. 16000
B. 12000
C. 10000
D. 14000
Answer:B
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. 8748, its purchase price was :
A. 16000 B. 12000 C. 10000 D. 14000