The cost of a shovel of tractor is Rs. Organizations can save up to Rs 1 lakh per year on 4.7 lakh and operating costs. The purchase price of 10% of the savings value after the amortization period is the recovery period of the capital
A. 3.7 years
B. 4.23 years
C. 5 years
D. 7.87 years
Answer:B
The cost of a shovel of tractor is Rs. Organizations can save up to Rs 1 lakh per year on 4.7 lakh and operating costs. The purchase price of 10% of the savings value after the amortization period is the recovery period of the capital
A. 3.7 years B. 4.23 years C. 5 years D. 7.87 years