The value of a machine depreciates 10% in the first year, 20% in the second year, and 30% in the third year. If the initial value was Rs. 10,000, what is its value at the end of 3 years?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 5040.
Initial price = 10000
Price after 3 years = 10000 × (9/10) × (8/10) × (7/10) = 5040