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?

2 Answers on this Question

1. per year=700*12=8400
   then for 5 years=8400*5=42000
   for maintanace rs 100 for 5 year=6000
   =42000-6000-2000
   =34000

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2. 34000

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