A machine worth ₹ 4,90,740 is depreciated at 15% of its opening value each year. When would its value reduce by 90%?
CA Foundation · Quantitative Aptitude · MTP · June 2024
A machine worth ₹ 4,90,740 is depreciated at 15% of its opening value each year. When would its value reduce by 90%?
Suggested Answer and Working Notes:
Correct Answer: Option (D)
D. 14 years 2 months approximately
Topics: Part-A: Business Mathematics
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