MCQ Practice

A piece of equipment cost a certain factory 6,00,000. If it depreciates in value, 15% the first year, 13.5% the next year, 12% the third year, and so on, what will be its value at the end of 10 years, all percentages applying to the original cost?

Subject: MathematicsTopic: Progressions
A

Rs. 2,00,000

B

Rs. 1,05,000

C

Rs. 4,05,000

D

Rs. 6,50,000

Correct Answer: B