Mathematics for FinancePYQ Nov 18Question 1436 of 462
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The value of furniture depreciates by 10%\displaystyle 10\% a year, it the present value of the furniture in an office is 21,870\displaystyle 21,870. Calculate the value of furniture 3\displaystyle 3 years ago

Options

A30,000\displaystyle 30,000
B35,000\displaystyle 35,000
C40,000\displaystyle 40,000
D50,000\displaystyle 50,000
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Correct Answer

Option b35,000\displaystyle 35,000

All Options:

  • A30,000\displaystyle 30,000
  • B35,000\displaystyle 35,000
  • C40,000\displaystyle 40,000
  • D50,000\displaystyle 50,000

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