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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 ?

Answer : A. Rs 25600.24…
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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 ?

A. Rs 25600.24

B. Rs 32000.50

C. Rs 18060.26

D. Rs 18600

Answer : A. Rs 25600.24…

Explanation :

6 1/4% = 1/16
x * (15/16) * (15/16) * (15/16) = 21093
x = 25600.24

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