Q. A furnace installed at a cost of Rs. 24 Lakh is expected to serve its useful life of 5 years. Salvage value of the furnace is Rs. 8 Lakh. The interest rate compounded annually is 8%. The estimated capitalized cost (in Lakhs of rupees) is
(A) 30 (B) 34.09 (C) 34.9 (D) 58.09
Ans: 58.09
![Determine the correctness (or otherwise) of the following Assertion [A] and the Reason [R]](https://www.gkseries.com/blog/wp-content/uploads/2023/10/Determine-the-correctness-or-otherwise-of-the-following-Assertion-A-and-the-Reason-R.jpg)
