A company purchased a small equipment for ₹70,000. Annual maintenance costs are expected to be ₹1,850, but extra income will be ₹14,000 per year. How long will it take for the company to recover its investment at an interest rate of 10% per year?
A company purchased a small equipment for ₹70,000. Annual maintenance costs are expected to be ₹1,850, but extra income will be ₹14,000 per year. How long will it take for the company to recover its investment at an interest rate of 10% per year?