Question
A customer deposits ₹5 lakh in a fixed deposit for 3
years. The bank offers an interest of 6% per annum, compounded quarterly. Which formula is used to compute the maturity amount?Solution
Quarterly compounding follows the compound interest formula: A = P(1 + r/n)ⁿᵗ, where n is the number of compounding periods in a year.
Nirmala Panikar received the Sangeet Natak Akademi Award-2019 (given in February 2023) for her contribution to ________ dance form.
Which of the following statements is correct regarding Depreciation?
I. Depreciation is termed as loss of value of fixed assets due to wear and...
Which of the following was known as the forerunner of the Brahmo Samaj?
In Which year did the Ministry of Health and Family Welfare of India launch the Weekly Iron and Folic Acid Supplementation (WIFS) program to meet the ch...
In 2013, the first human liver was grown from stem cells in-
Under which Act, separate elections were started for Muslims?
The RBI announced to appoint an Internal Ombudsman for the Non-Deposit taking NBFCs (NBFCs-ND) with asset size of ______ crore
Who among the following received the Sahitya Akademi Award (Non-fiction) for his book ‘An Era of Darkness’ in 2019?
Which of the following has the highest salinity?
Which of the following states will benefit from the World Bank aided (SMART) Project to transform rural areas there?
