Home
Class 12
MATHS
A company decides to set aside a certain...

A company decides to set aside a certain sum at the end of each year to create a sinking fund, which should amount to Rs. 4 lakhs in 4 years at 10% p.a. Find the amount to be set aside each year?

Text Solution

AI Generated Solution

Promotional Banner

Topper's Solved these Questions

  • QUESTION BANK 2021

    NAVNEET PUBLICATION - MAHARASHTRA BOARD|Exercise Part II 2. Insurance and Annuity (Activity based Question)|3 Videos

  • QUESTION BANK 2021

    NAVNEET PUBLICATION - MAHARASHTRA BOARD|Exercise Part II 3. LINEAR REGRESSION (I Select and write the most appropriate answer from given alternatives of the following sub questions:)|17 Videos

  • QUESTION BANK 2021

    NAVNEET PUBLICATION - MAHARASHTRA BOARD|Exercise Part II 2. Insurance and Annuity (Fill in the blanks:)|8 Videos

  • PROBABILITY DISTRIBUTION

    NAVNEET PUBLICATION - MAHARASHTRA BOARD|Exercise MULTIPLE CHOICE QUESTIONS|9 Videos

  • THREE DIMENSIONAL GEOMETRY

    NAVNEET PUBLICATION - MAHARASHTRA BOARD|Exercise MULTIPLE CHOICE QUESTIONS|8 Videos

Similar Questions

Explore conceptually related problems

What sum will amount to Rs. 6600 in 4 years at 8% p.a. simple interest ?

Find the simple interest on Rs 500 for 3 years at 10% p.a.

A certain sum amounts to Rs 5832 in 2 years at 8% compounded interest. Find the sum.

A sum of money amounts to Rs. 1500 in 5 years at 10% per annum at simple interest. Find the sum.

A sum of money amounts to Rs. 2400 in 3 years and Rs. 2520 in 4 years on C.I. Find the rate of interest.

What sum of money will amount to Rs 21296 in 3 years at 10% per annum, compounded annually?

A certain sum amounts to Rs. 14641 in 4 years @ 10% p.a compounded annually. What is the value of principal ?