The value of a machine depeciates every year by 10 % . If the present value of the machine by Rs. 99000. what was its value last year ?
Text Solution
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The correct Answer is:
To find the value of the machine last year, we can follow these steps:
### Step-by-Step Solution:
1. **Understand the Depreciation**: The machine depreciates by 10% every year. This means that the value of the machine at the end of the year is 90% of its value at the beginning of the year.
2. **Let Last Year's Value be X**: We denote the value of the machine last year as \( X \).
3. **Calculate Present Value**: Since the machine depreciates by 10%, the present value (which is given as Rs. 99000) can be expressed in terms of \( X \):
\[
\text{Present Value} = X - (10\% \text{ of } X) = X - \frac{10}{100} \times X = \frac{90}{100} \times X = 0.9X
\]
4. **Set Up the Equation**: We know from the problem that the present value is Rs. 99000, so we can set up the equation:
\[
0.9X = 99000
\]
5. **Solve for X**: To find \( X \), we can divide both sides of the equation by 0.9:
\[
X = \frac{99000}{0.9}
\]
6. **Calculate X**: Performing the division:
\[
X = 110000
\]
7. **Conclusion**: Therefore, the value of the machine last year was Rs. 110000.
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