Compounding interest annually

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Multiple Choice

Choose the most appropriate option.
The value of a machine depreciates every year at the rate of $10%$ on its value at the beginning of that year. If the present value of the machine is Rs. $729$, its worth three years ago was?

  1. Rs. $947.70$
  2. Rs. $1,000$
  3. Rs. $750.87$
  4. Rs. $800$
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