SSC JE Civil Engineering 30-Oct-2020 Shift 1 Paper

As per sinking found method, Further work of money is given as: F=A(

(1+i)N−1

i

)
Where ‘F’ is future work i.e. Amount available to owner after 25 tears.
‘A’ is annual amount which is being sets aside as sinking fund by owner every year.
i → rate of interest
N → Period considered.
Given:
N = 25 tears, A = Rs. 1500 /-, i = 7%
F=1500×[

(1+.07)25−1

.07

]
F=1500×[

5.43−1

.07

]= Rs. 94,929/−