Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

A bike costing ₹120000 has scrap value of ₹30000. If the book value of the bike at the end of third year is ₹90000, then the useful life of the bike is,

Options:

6 years

12 years

10 years

9 years

Correct Answer:

9 years