engineering recuitment GATE CE 2023-24 Test Series Construction Materials and Management Engineering Economy and Equipments
An old building has been purchased by a person at a cost of Rs. 30000 excluding the cost of the land. Calculate the amount of annual sinking fund at 4% interest assuming the future life of the building as 20 years and the scrap value of the building as 10% of the cost of purchase.
1
Rs. 555.25
2
Rs. 1028.37
3
Rs. 907.20
4
Rs. 1500