The value of a car depreciates at the rate of 40% every year. It was purchased 3 years ago. If its present value is Rs. 864, its purchase price was	Pick one
A) 4500  B) 4000  C) 3500  D) 3000  E) 2500
Explanation:   = Rs.4000   Answer: 4000
<result>B</result>
The value of a car depreciates at the rate of 40% every year. It was purchased 3 years ago. If its present value is Rs. 864, its purchase price was