Mr. Ram took a loan of Rs. 4,00,000 at 10% annual interest rate and paid Rs. 20,000 as monthly instalment under flat rate system. What is the term of the loan ?

Which of the following is true about the sinking fund ?

The EMI (in Rs.) under the flat rate on a loan of Rs. 6,00,000 with 20% annual interest for 5 years is :

An asset costing Rs. 1,50,000 has a final scrap value of Rs. 25,000. If annual depreciation charge is Rs. 25,000, then useful life of the asset is :

Ravi takes a loan of Rs. 40,000 at an interest of 12% per annum for a period of 4 year, then EMI by using flat method is :

A machine costing ₹16,00,000 is expected to have a useful life of 15 years and a final scrap value of ₹1,00,000. Which of the following statements are correct ?

A. The annual depreciation is ₹50,000.

B. The annual depreciation is ₹1,00,000.

C. The book value at the end of the sixth year is ₹9,00,000.

D. The book value at the end of the sixth year is ₹10,00,000.

Choose the correct answer from the options given below:

A person started giving aside Rs. 10,000 each year for his child college education in a sinking fund the amount he will receive after 6 years. if the rate of interest is 10% per annum is : (Use $(1.1)^6 = 1.771$)