The value of a machine depreciates by 10% per annum. If its present value is ₹72,900, find its value 2 years ago.
Show answer & explanation
Correct answer: C
Explanation
Value 2 years ago = 72900 / (0.9 × 0.9)
= 72900 / 0.81
= ₹90,000
SSC Selection Post - Higher Secondary Level - 2nd August 2025 - Shift 2 • Quantitative Aptitude • Q37
The value of a machine depreciates by 10% per annum. If its present value is ₹72,900, find its value 2 years ago.
Correct answer: C
Explanation
Value 2 years ago = 72900 / (0.9 × 0.9)
= 72900 / 0.81
= ₹90,000