# A property decreases in value every year at the rate of 6 14% of its value at the beginning of the year its value at the end of 3 years was Rs.21093. Find its value at the beginning of the first year ?

A property decreases in value every year at the rate of 6 1/4% of its value at the beginning of the year its value at the end of 3 years was Rs.21093. Find its value at the beginning of the first year ?

A. Rs 25600.24

B. Rs 32000.50

C. Rs 18060.26

D. Rs 18600

**Answer : **A. Rs 25600.24...

## Explanation :

6 1/4% = 1/16

x * (15/16) * (15/16) * (15/16) = 21093

x = 25600.24