Mathematics · Estimation and Costing
The yearly installment of a sinking fund for a building costing Rs. 5,00,000 whose future life is 20 years is equal to _______. (Take the sinking fund factor for 20 years at a 5% rate as 0.0302)
- 1Rs. 1,250
- 2Rs. 15,100✓
- 3Rs. 30,200
- 4Rs. 1,510
Correct answer
Rs. 15,100
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