Question
Which method is used to account for foreign currency
transactions at initial recognition under Ind AS 21?Solution
Initial recognition uses spot rate at date of transaction.
The compound interest on Rs. 30,000 at 7%per annum for n years is Rs. 4347. The value of n is
Krishna lends ₹48000 to Neelam for a year at 25% interest per annum, compounded half yearly. Find the interest that must be paid by Neelam.
A person invested 6,000 in a bank at compound interest compounded annually. After 3 years, the sum became 7,986. What was the rate of interest?
Raman invested Rs. 70,000 in a bank offering 10% compound interest per annum for 2 years. After 2 years, he used the total amount to start a business wi...
The C.I on a sum of Rs. 6400 becomes Rs. 1276.5625 in 9 months. Find the rate of interest, if the rate of interest is compounded quarterly?
Raj invests a certain amount, which grows to Rs. 7,200 at the end of 2 years and further increases to Rs. 8,640 at the end of 3 y...
Two trains start from points A and B, 300 km apart, and travel towards each other. Train 1 starts from A at 60 km/h, while Train 2 starts from B at 40 k...
Investing Rs. (4z + 400) at 20% p.a. compound interest for 3 years yields an interest of Rs. (5z - 800). Find the value of ‘z’.(Can calculate approx...
A certain sum of money yields Rs. 8,334 as compound interest for 3 years at 15% per annum. Calculate the approximate compound interest on the same amoun...
Amit deposited Rs. 15,000 into an investment with a 12% annual compound interest rate for a duration of two years. Calculate the total interest earned b...
