Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

A vehicle has a scrap value of ₹7,50,000 after 6 years of its purchase. If the annual depreciation charge is ₹55,000, then the original cost of the vehicle is :

Options:

₹12,00,000

₹11,60,000

₹10,80,000

₹9,30,000

Correct Answer:

₹10,80,000