# An earth moving equipment costs Rs. 5,00,000/- and has an estimated life of 10 years and a salvage value of Rs. 50,000/-.What uniform annual amount must be set aside at the end of each of the 10 years for replacement if the interest rate is 8% per annum and if the sinking fund factor at 8% per annum interest rate for 10 years is 0.069 ? with Answer - Civil Engineering Mcqs | TestPrep

> Solved MCQ: An earth moving equipment costs Rs. 5,00,000/- and has an estimated life of 10 years and a salvage value of Rs. 50,000/-.What uniform annual amount must be set aside at the end of each of the 10 years for replacement if the interest rate is 8% per annum and if the sinking fund factor at 8% per annum interest rate for 10 years is 0.069 ? Correct Answer: A. Rs. 31050. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# An earth moving equipment costs Rs. 5,00,000/- and has an estimated life of 10 years and a salvage value of Rs. 50,000/-.What uniform annual amount must be set aside at the end of each of the 10 years for replacement if the interest rate is 8% per annum and if the sinking fund factor at 8% per annum interest rate for 10 years is 0.069 ?

Direct Answer & Quick Reference

The correct option is **A. Rs. 31050**.

A. Rs. 31050 **(Correct Answer)**

B. Rs. 34500

C. Rs. 37950

D. Rs. 50000

✨ Explain with AI

Verified Key: A. Rs. 31050
Solved by 1,505+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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