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The value of a machine depreciates at the rate of 20% per annum. It was purchased two years ago. If its present value is ₹ 40,000, for how much w
Question

The value of a machine depreciates at the rate of 20% per annum. It was purchased two years ago. If its present value is ₹ 40,000, for how much was it purchased?

A.

₹ 62,500

B.

₹65,200

C.

₹ 56,500

D.

More than one of the above

E.

None of the above

Correct option is A

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