Chemical Engineering > GATE 2019 > Financial Analysis
A taxi-car is bought for Rs 10 lakhs. Its salvage value is zero. The expected yearly income after paying all expenses and applicable taxes is Rs 3 lakhs. The compound interest rate is 9% per annum. The discounted payback period (in years), is ______ (rounded off to the next higher integer).
Explanation
Correct : 5
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