The value of a machine depreciates every year by 20%. If the present value of the machine be Rs. 160000, what was its value last year?

Home» Questions»Q 42775
In Process
Asked: 2023-03-09T09:45:24+05:30 In: Mathematics
The value of a machine depreciates every year by 20%. If the present value of the machine be Rs. 160000, what was its value last year?

Hi, I have a question and I hope anyone could answer it:

The value of a machine depreciates every year by 20%. If the present value of the machine be Rs. 160000, what was its value last year?

Share

Related Questions

You must login to add an answer.

Need An Account,

1 Answer

  1. Best Answer
    Gandalf

    Let the value be 100x last year.
    Value is depreciated by 20% which means
    = 100x-100x*20/100 = 80x.
    This year’s price= 80x
    Also this year’s price=160000.

    So 80x= 160000.
    x= 160000/80. = 2000.
    100x= 2000*100.
    = 200000Rs.
    Last year the machine’s value was 200000Rs.

    • 112