Practicing Success
A company intends to create a sinking fund to replace at the end of $20^{th}$ year assets costing ₹2,50,000. Then the value of the amount to be retained out of profits every year if the interest rate is 5% is : (Given $(1.05)^{20}= 2.6532)$ |
₹7,156.09 ₹7,599.09 ₹7,561.09 ₹7,651.09 |
₹7,561.09 |