Question

A machine costing Rs.97000 is expected to fetch a scrap value of Rs. 2000, after
its working life of 12 years. How much should be contributed each year to a
sinking fund fetching interest at 5% p.a. to replace the machine?

Answer 1

Answer:

$p = 99000 \\ r = 5\% \\ t = 12 \: years \\ s.i = 99000 \times \frac{5}{100} \times 12 \\ = 59400 \\ a = 99000 + 59400 = 158400$

Step-by-step explanation:

Please mark it as brainliest.