Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

The cost of a washing machine depreciation each year by a constant rate. IF it depreciates by ₹720 in the second year and by ₹648 in the third year, then the rate of depreciation per annum is :

Options:

12%

6%

10%

9%

Correct Answer:

10%