A machine depreciates at 10% of its value at the beginning of a year. The cost and scrap value realized at the time of sale being ₹ 23,240 and ₹…
CA Foundation · Quantitative Aptitude · MTP · January 2025
A machine depreciates at 10% of its value at the beginning of a year. The cost and scrap value realized at the time of sale being ₹ 23,240 and ₹ 9,000 respectively. For how many years the machine was put to use?
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. 9 years
Topics: Part-A: Business Mathematics
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