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

The value of a machine depreciates at the rate of 12 percent per annum

1.	The value of a machine depreciates at the rate of 12 percent per annum. It was purchased three years ago. Its present value is Rs. 29644.032. What was the purchase price of the machine ?
A.	s. 38900
B.	s. 39000
C.	s. 43500
D.	s. 48700
E.	one of these
Answer» D. s. 48700

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

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