4. If a Machine is costing AED 2,000 and the life of the Machine is only one year. The Machine gives a return of AED 2,100 at the end of the year. If the interest rate is 10%, then find if it is profitable to invest?

4. If a Machine is costing AED 2,000 and the life of the Machine is only one year. The Machine gives a return of AED 2,100 at the end of the year. If the interest rate is 10%, then find if it is profitable to invest?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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4. If a Machine is costing AED 2,000 and the life of the Machine is only one year. The
Machine gives a return of AED 2,100 at the end of the year. If the interest rate is 10%,
then find if it is profitable to invest?

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