The value of a commodity depreciates 10% annually. If it was purchased – McqOptions

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1.	The value of a commodity depreciates 10% annually. If it was purchased 3 years ago and its present value is Rs.5,382, what was its purchase price?
A.	Rs.7200
B.	Rs.7862
C.	Rs.8000
D.	Rs.8500
Answer» D. Rs.8500

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