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Value of vehicle at end of each year depreciates at the rate of 3/5th of value at the beginning. If Initial value is 10,000Rs then at the end of three years its value is ?

Correct Answer: Rs. 2160

End of first year     :  10000 x (3/5) = Rs. 6000End of second year :  6000 x (3/5) = Rs. 3600End of third year    :  3600 x (3/5) = Rs. 2160

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The value of a machine depreciates at the rate of 10% every year. It was purchased 3 years ago. If its present value is Rs. 8748, its purchase price was :

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