Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

A car costing ₹8,00,000 has scrap value of ₹3,00,000. If the book value of car at the end of fourth year is ₹6,00,000, then the useful life of the car is:

Options:

6 years

12 years

10 years

8 years

Correct Answer:

10 years

Explanation:

The correct answer is Option (3) - 10 years