Question

An amount is borrowed at simple intrest for 25 year. At the end of this period this amount along with its intrest has trebled itself . What was the rate per cent?

Answer 1

10. Das & Co. purchased a second hand plant on 1st July 2005 at

cost of Rs. 90,000 and incurred there on Rs. 4,000 as erection

charges. The co. wants to provides depreciation at 10% p.a. on

written Down value method. On 30.06.2006 half of the plant

was found unsuitable and disposed off for Rs. 30,200. On the

same day a new plant was purchased at a cost of Rs. 40,000 and

spent Rs. 4,000 towards installation charges. Prepare plant

account for the first three years assuming that the account

closing year is the calendar year.