What will be the interest per hour when the cost of 35hp tractor is ₨ 3,00,000/-, life of tractor is 10 years, rate of interest 10% and working hours per year is 1000 hours?
(a) Rs 16.50
(b) Rs 17.34
(c) Rs 15.30
(d) Rs 14.28
I got this question in examination.
My question is from Numericals on Estimation of Tractor Power in portion Tillage, Disc Plough & Numericals of Farm Machinery