Stream of consciousness rationale: Purchase = 8748/(1-10/100^3) = 12000
The question and answer pair are described below.
Q: The value of a machine depreciates at the rate of 10% every year. It was purchased 3 years ago. If its present value is Rs. 8748, its purchase price was :
Options:
(A) 12000
(B) 10000
(C) 15000
(D) 20000
(E) 25000
A: (A)