The value of a machine depreciates at the rate of $12\%$ per annum. It was purchased $3$ years ago. Its present value is $Rs. 29644.032$. What was the purchase price (in $Rs.$) of the machine?

  • A
    $48700$
  • B
    $43500$
  • C
    $38900$
  • D
    $39000$

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