PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2011

Practice Mode:
57.

The value of a machine depreciates at the rate of 10% per annum.It was purchased 3 years ago. If its present value is Rs. 26389.80, the purchase price of the machine (in rupees) was :

A: 32000
B: 36200
C: 37500
D: 35600

The answer is: B