A corporation possesses a machine that costs Rs. 30,000 to purchase. This machine's 5-year useful life has come to an end. If the corporation can recover 10% of the purchase price by selling it now, what is the salvage value of the machine?

Mr. Sharma received an invoice for ₹5,000 dated 05 November 2021 with credit terms [2/10, E.O.M.]. He paid the whole amount on 10 December 2021. How much did Mr. Sharma effectively pay for the bill?

A bank's bill discounting portfolio consists of three bills: - Bill A: ₹10,00,000, 12% discount rate, matures in 30 days. - Bill B: ₹20,00,000, 15% discount rate, matures in 60 days. - Bill C: ₹15,00,000, 10% discount rate, matures in 90 days. Calculate the total discount income earned by the bank if all bills are held to maturity. (Use 365 days in a year).