Applied Mathematics

Financial Mathematics

Easy

A vehicle has a scrap value of Rs 7,50,000 after 6 years of its purchase . If the annual depreciation charge is Rs 55,000, then the original cost of the vehicle is :

Rs 12,00,000

Rs 11,60,000

Rs 10,80,000

Rs 9,30,000

✅ Correct Option: 3

Total depreciation over 6 years = $55{,}000 \times 6 = 3{,}30{,}000$ .

Original cost = Scrap value + Total depreciation = $7{,}50{,}000 + 3{,}30{,}000 = 10{,}80{,}000$ .

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A vehicle has a scrap value of Rs 7,50,000 after 6 years of its purchase . If the annual depreciation charge is Rs 55,000, then the original cost of the vehicle is :

Solution

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