The value of a commodity depreciates 10% annually. If it was purchased 3 years ago and its present value is 5,832, what was its purchase price ?

The value of a commodity depreciates 10% annually. If it was purchased

1.	The value of a commodity depreciates 10% annually. If it was purchased 3 years ago and its present value is 5,832, what was its purchase price ?
A.	7200
B.	7862
C.	8000
D.	8500
Answer» D. 8500

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The value of a commodity depreciates 10% annually. If it was purchased 3 years ago and its present value is 5,832, what was its purchase price ?

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