A refrigerator was purchased one year ago for ₹ 20,000. Its value depreciates at the rate of 15% per annum. Find:

(i) its present value,

(ii) its value after 1 year.

A machine depreciates each year at 8% of its value in the beginning of the year. If its value be ₹ 57,500 at the end of the year 2015, find :

(i) its value at the end of the year 2014,

(ii) its value at the end of the year 2016.

The compound interest on ₹ 3,750 for 2 years at 8% p.a., compounded annually is:

1. ₹ 604

2. ₹ 614

3. ₹ 624

4. ₹ 642

A man invests ₹ 46,875 at 4% p.a. compound interest for 3 years. The interest for the 1st year will be:

1. ₹ 1,785

2. ₹ 1,587

3. ₹ 1,875

4. ₹ 1,758