A flower vase costs ₹36,000. With an annual depreciation of ₹2,000, its cost will be ₹6,000 in ________ years.
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → 15
$\text{Initial cost}=36000.$
$\text{Annual depreciation}=2000.$
$\text{Cost after } n \text{ years}=36000-2000n.$
$36000-2000n=6000.$
$2000n=30000.$
$n=15.$
$15 \text{ years}.$