The value of a machine depreciates at 20% per annum. Its present value is Rs. 51200. What was its value 2 years ago? MCQ with Answer and Explanation

The value of a machine depreciates at 20% per annum. Its present value is Rs. 51200. What was its value 2 years ago?
A. Rs. 72000
B. Rs. 80000
C. Rs. 75000
D. Rs. 85000
Answer: Option B
Solution (By JKSSB Mock Tests)
Value 2 yrs ago = 51200 / (0.8×0.8) = 51200/0.64 = 80000.

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Question #3
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