The lifetime of a machine is 12 years. The cost price of the machine is Rs 1

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The lifetime of a machine is 12 years. The cost price of the machine is Rs

1, 00, 000

. The estimated scrap value and the increase in the cost of the machine after 12 years are

R s 30, 000

and

20 %

, respectively. Find the amount of each annual installment to be deposited at

12 %

interest per annum compound annually. [Given

\log 1.12 = 0.0864

and

\log 10.88 = 1.0368

]

Related Book For answer-question

Fundamentals of Physics

ISBN: 978-0471758013

8th Extended edition

Authors: Jearl Walker, Halliday Resnick

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Posted Date: May 13, 2022 05:03 AM

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The lifetime of a machine is 12 years. The cost price of the machine is Rs 1

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Fundamentals of Physics

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