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in Farm Machinery by (38.9k points)
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

1 Answer

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Best answer
Right option is (a) Rs 16.50

The best explanation: Interest = \(\frac{C+S}{2}*\frac{i}{h}=\frac{[300000+(300000*0.1)]}{2}*\frac{10}{100*100}=\frac{330000}{2}*\frac{1}{10000}\) = Rs 16.50.

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