A pumping set with a motor has been installed in a building at a cost of Rs.2500.00. Assuming the life of the pump as 15 years, work out the amount of annual instalment of sinking fund required to be deposited to accumulate the whole amount of 4% compound interest.

Related MCQs

•                      is prepared on the basis of plinth area of building, the rate being deducted from the cost of similar building having similar specification, heights and construction, in the locality.
• Approximate cost of a hostel building for 100 students @Rs.10000/- per student works out as Rs. 10 lakhs.
• A large work or project may consists of several building or small works and each of these work is known as                        
• Obsolescence is the annual periodic payments for repayments of the capital amount invested by a party.
• Scrap value is the net annual letting value of a property, which is obtained after deducting the amount of yearly repairs from the gross income.
• An                    culvert is normally a low profile culvert. It allows them to be installed without disturbing the causeway as it will span over the entire drainage width.
•                                    is required for preliminary studies of various aspects of a work or project.
• The term                              is used to denote a procedure of costing or valuing an item of work on the basis of actual labourers and materials required.
• The quantity of sand required for RCC (1:2:4) for 15 cubic metres of work is
• The quantity of coarse aggregate required for RCC (1:3:6) for 20 cubic metres of work is