A machine is worth ₹50,000 now, and its value falls by 10% every year. What will it be worth after 3 years?

Explanation

1. 01

   Value = $50000 \times 0.9^3$.

2. 02

   $0.9^3 = 0.729$, so value = $50000 \times 0.729 = ₹36{,}450$.