Mathematics
During every financial year, the value of a machine depreciates by 12%. Find the original cost of a machine which depreciates by ₹ 2640 during the second financial year of its purchase.
Related Questions
Rachna borrows ₹ 12000 at 10 per cent per annum interest compounded half-yearly. She repays ₹ 4000 at the end of every six months. Calculate the third payment she has to make at the end of 18 months in order to clear the entire loan.
On a certain sum of money, invested at the rate of 10 percent per annum compounded annually, the interest for the first year plus the interest for the third year is ₹ 2,652. Find the sum.
Find the sum on which the difference between the simple interest and the compound interest at the rate of 8% per annum compounded annually be ₹ 64 in 2 years.
A sum of ₹ 13500 is invested at 16% per annum compound interest for 5 years. Calculate :
(i) the interest for the first year.
(ii) the amount at the end of the first year.
(iii) the interest for the second year, correct to the nearest rupee.