Q.3: The maintenance cost and resale value per year of a machine whose purchase price is €. 8, 000 is given below. When should the machine be replaced? | 4 2150 | 5 Year 1 2 3 6 8 Maintenance cost in € 950 1250 1700 2900 3800 4800 5900 Resale value in € 4600 2250 1300 800 500 400 400 400

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
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The maintenance cost and resale value per year of a machine whose purchase price is €. 8, 000 is
given below. When should the machine be replaced?
Q.3:
/14
Year
1
2
3
4
5
6.
7
8.
Maintenance cost in €
950
1250
1700
2150
2900
3800
4800
5900
Resale value in €
4600
2250
1300
800
500
400
400
400
Transcribed Image Text:The maintenance cost and resale value per year of a machine whose purchase price is €. 8, 000 is given below. When should the machine be replaced? Q.3: /14 Year 1 2 3 4 5 6. 7 8. Maintenance cost in € 950 1250 1700 2150 2900 3800 4800 5900 Resale value in € 4600 2250 1300 800 500 400 400 400
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