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Railways PYQCBT 1 2016

RRB NTPC · Question 9

Shivam industries installed a flour mill for Rs. 8,00,000. If the fixed annual rate of depreciation is 5% then find the price of the flour mill after 3 years? A. Rs. 685900 B. Rs. 714000 C. Rs. 678000 D. Rs. 599900

  1. B

  2. D

  3. C

  4. A

Show answer & explanation

Answer: (D) A

Explanation

With 5% depreciation a year, the value after 3 years = 8,00,000 × (0.95)³ = 8,00,000 × 0.857375 = Rs 6,85,900.