Question
Which of the following accounting rules can roughly
estimate how many years a given sum of money must earn at a given compound annual interest rate in order to double that initial amount.Solution
The Rule of 72 is a simple way to determine how long an investment will take to double given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors obtain a rough estimate of how many years it will take for the initial investment to duplicate itself. However the Rule of 72 is reasonably accurate for low rates of return.
- Given below is a sentence with an error. The error is in one part of the sentence. Below the sentence are given the options containing the parts of the sen...
In the following question, one part of the sentence may have an error. Find out which part of the sentence has an error and select the appropriate opti...
Identify the segment in the sentence that contains a grammatical error-
The taxi driver demanded fifty rupees to carry my luggages.
Given below are sentences with an error in each. The error is in one part of the sentence. Below each sentence are given the options containing the pa...
As with people, some monkeys are lazy, (1)/ like those who sleep all day in the zoo, (2)/ and some were industrious. (3)/ No error (4)
Find the erroneous part of the given sentence. If none of the parts contains error, mark ‘No Error’ as your answer.
He should have (A) / we...
Out of the statements given below, find the statement that is correct. If all the statements are correct, choose E, i.e., ‘All are correct,’ and if...
The army men or the commander-in-chief (A)/were not ready (B)/to accept defeat so easily, (C)/so they fought fiercely (D).
The trekkers carried on walking in order to get to their camp before dark.
Read the sentence to find out whether there is any grammatical or idiomatic error in it. The error, if any, will be in one part of the sentence. The le...
