Which of the following is true about the sinking fund ?

Mr. X takes a personal loan of Rs.10,00,000 at the rate of 12% per annum for 6 years. Calculate his EMI by using flat rate method

Harish takes a loan of ₹6,00,000 at an interest of 10% per annum compounded annually for a period of 5 years. His EMI using a flat rate method is:

If the cash equivalent of a perpetuity of Rs.1200 payable at end of each half year is Rs.96,000, the annual rate of interest compounded half yearly is :

Mr. B.M. Wadhwa purchased a car costing ₹20 lakh. It has a useful life of 15 years. The depreciation follows the straight line trend. If the annual depreciation is ₹1,20,000, what is the scrap value of the car ?

A company intends to create a sinking fund to replace at the end of 20$^{th}$ year assets costing Rs. 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 $(1.05)^{20} = 2.6532$]

If the life expectancy of an asset is 10 years, scrap value Rs.5,000 and annual depreciation of Rs.3000 per annum, then original cost of the asset is: