The value of a watch depreciates at the rate of 20% every year. It was purchased 4 years ago. If its present value is Rs. 2048, its purchase price was  Choose the correct choice from the following choices.
A) 3500 B) 4000 C) 4500 D) 5000 E) 5500
Explanation:   = Rs.5000   Answer: 5000
<result>D</result>
The value of a watch depreciates at the rate of 20% every year. It was purchased 4 years ago. If its present value is Rs. 2048, its purchase price was