5132Chemical EngineeringMedium
An investment of Rs. 100 lakhs is to be made for construction of a plant, which will take two years to start production. The annual profit from the operation of the plant is Rs. 20 lakhs. What will be the payback time?
A5 years
B10 years
C7 years
D12 years
Correct answer
C. 7 years
Explanation
The correct answer is 7 years.