CUET Mathematics - A company purchased a machine for ₹ 15,00,000 and its effective life is estimated to be 10 years. A sinking fund is created for replacing the machine at the end of its effective life when its scrap value is ₹ 2,42,000. What amount company should provide, at the end of every year out of profits for the sinking fund if it accumulates an interest of 5% per annum? [Given(1.05)¹⁰=1.629] | PYQs + Solutions