Target Exam

CUET

Subject

-- Applied Mathematics - Section B2

Chapter

Financial Mathematics

Question:

A flower vase costs ₹36,000. With an annual depreciation of ₹2,000, its cost will be ₹6,000 in ________ years.

Options:

10

15

17

6

Correct Answer:

15

Explanation:

The correct answer is Option (2) → 15

$\text{Initial cost}=36000.$

$\text{Annual depreciation}=2000.$

$\text{Cost after } n \text{ years}=36000-2000n.$

$36000-2000n=6000.$

$2000n=30000.$

$n=15.$

$15 \text{ years}.$