CUET Preparation Today
CUET
-- Applied Mathematics - Section B2
Financial Mathematics
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:
6 years
12 years
10 years
8 years
The correct answer is Option (3) - 10 years