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A machine costing ₹ 3,00,000 will have its scrap value of ₹ 50,000. The company at present plans to put ₹ 36,650 per annum at the end of each year in…

CUET UG 2025 — Mathematics Statistics & Applications

2025mcqmedium

A machine costing ₹ 3,00,000 will have its scrap value of ₹ 50,000. The company at present plans to put ₹ 36,650 per annum at the end of each year in a sinking fund at the rate 5% per annum for the replacement of the machine after its useful life. Suppose the new machine will cost ₹ 4,00,000 at that time, then the useful life (approx.) of the machine is : [Given: (1.4775)1/8=1.05(1.4775)^{1/8} = 1.05(1.4775)1/8=1.05]

Official previous-year question

Held on 2 Jun 2025 · Verified 13 Jul 2026.

Options

  1. A

    6.5 yrs

  2. B

    8.5 yrs

  3. C

    7 yrs

  4. D

    8 yrs

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