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Question
The value of a machine depreciates at the rate of 12 percent per annum. It was purchased three years ago. Its present value is Rs. 29644.032. What was the purchase price of the machine ?
Options:
A .  Rs. 38900
B .  Rs. 39000
C .  Rs. 43500
D .  Rs. 48700
E .  None of these
Answer: Option C
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