Taniya purchased a car costing ₹21,00,000 which has a useful life of 15 years. The estimated scrap value of the car is ₹3,00,000. The annual depreciation using straight line method is:

A car whose cost is ₹9,00,000 will depreciate to a scrap value of ₹1,20,000 in 12 years. Which of the following statements are correct ?

(A) The annual depreciation is ₹65,000

(B) The book value of the car at the end of the fourth year is ₹6,40,000

(C) The book value of the car at the end of the sixth year is ₹5,00,000

(D) The book value of the car at the end of the fifth year is ₹5,75,000

Choose the correct answer from the options given below:

At what rate of interest will the present value of a perpetuity of ₹ 500 payable at the end of every 6 months be ₹ 20,000?

Mr. Vishnu has an initial investment of Rs.80,000 in an investment plan. After 3 years, it has grown to Rs.1,00,000, then his rate of return is

A machine costing ₹ 1,00,000 has a useful life of 5 years. The estimated scrap value is ₹ 20,000. Using linear method, the annual depreciation is

A car costing ₹ 5,00,000 has a useful life of 15 years. The estimated scrap value is ₹ 50,000. The annual depreciation using the straight line method is

The fund created to accumulate money over the years to discharge a future obligation is known as: