The value of a machine depreciates at 10% per annum. If its present value is Rs. 64,800, what was its value 2 years ago? MCQ with Answer and Explanation

The value of a machine depreciates at 10% per annum. If its present value is Rs. 64,800, what was its value 2 years ago?
A. Rs. 90,000
B. Rs. 75,000
C. Rs. 85,000
D. Rs. 80,000
Answer: Option D
Solution (By JKExamLibrary)
Value 2 yrs ago = 64800 / (0.9×0.9) = 64800/0.81 = 80,000.

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