Mathematics for FinanceMTP Jun 24Question 1419 of 422
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A machine worth Rs. $4,90,740$ is depreciated at $15\%$ of its opening value each year. When its value reduces to Rs. $2,00,000$ it will take

Options

A11 years 6 months
B11 years 8 months
C11 years 8 months
D14 years 2 months approximately
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Correct Answer

Option d14 years 2 months approximately

All Options:

  • A11 years 6 months
  • B11 years 8 months
  • C11 years 8 months
  • D14 years 2 months approximately

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