A property decreases in value every year at the rate of 6 1/4% of its value at

Question

A property decreases in value every year at the rate of 6 1/4% of its value at the beginning of the year its value at the end of 3 years was Rs.21093. Find
its value at the beginning of the first year?

Options:

A . Rs.25600.24

B . Rs.32000.50

C . Rs.18060.36

D . Rs.18600

Answer: Option A

6 1/4% = 1/16

x *15/16 * 15/16 * 15/16 = 21093

x = 25600.24

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