Mathematics for FinancePYQ May 20Question 1303 of 422
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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?

Options

A$7$ years
B$8$ years
C$9$ years
D$10$ years
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Correct Answer

Option c$9$ years

All Options:

  • A$7$ years
  • B$8$ years
  • C$9$ years
  • D$10$ years

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