a) Machinery costing Rs 4,50,000 has an estimated life of 15 years. If its cost is reduced by Rs. 3,00,000 in 15 years, find the rate of…
Class 12 Business Mathematics · 2081 · Solved Question with Answer
a) Machinery costing Rs 4,50,000 has an estimated life of 15 years. If its cost is reduced by Rs. 3,00,000 in 15 years, find the rate of depreciation.
b) Manoj borrows Rs. 4368 which he promises to pay in 6 annual instalments, each instalment being treble of the preceding one. Find amount of the First instalment.
c) The compound interest on a certain sum at a certain rate is Rs. 204 in 2 years and the simple interest at the same rate is Rs. 300 in 3 years. Find the sum and rate of interest