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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?
- Rs. $947.70$
- Rs. $1,000$
- Rs. $750.87$
- Rs. $800$