Latest IBM Aptitude Question SOLUTION: A company rented a machine for Rs.700/- a month. Five years later the treasurer calculated that if the company had purchased the machine and paid Rs.100/- monthly maintenance charg

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A company rented a machine for Rs.700/- a month. Five years later the treasurer calculated that if the company had purchased the machine and paid Rs.100/- monthly maintenance charge, the company would have saved Rs.2000/-. What was the purchase price of the machine?

Solution

Let the price of the machine = x rupee
5 year maintenance charge = 100*60 = 6000
so total investment = x+6000
now total rental charges for five year = 700*60 = 42000
so according to given condition 42000-x-6000 = 2000 so x = 34000


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