Question
A financial instrument was issued at a discount.
Principal ₹10,00,000, issue proceeds ₹9,40,000, life 5 years. Using effective interest method, if effective annual rate implicitly is 1.24% approximate (example), first-year interest expense = carrying amount × effective rate = 9,40,000 × 0.0124 = ? (Calculate to nearest rupee)Solution
First-year Interest Expense = Carrying Amount at Initial Recognition × Effective Interest Rate = 9,40,000 × 0.0124 = ₹11,656.
Which of the following options best defines the term 'Bandwidth'?
Simplify: (1 + i)³ / (1 + i³)
A milkman initially prepared a mixture of milk and water in the ratio of 11:3. Later, he replaced half of the mixture with 30 liters of water, resulting...
A fan manufacturer found that 27% of the total product is defective. If the number of products in good condition is 4088 then find out the number of def...
13, 91, 108, 756, ?, 5411
A share is to be distributed among A, B, C, D in the ratio 7 : 5 : 4 : 2. If C gets Rs 500 more than D, what will be the share of B?
A person spends 40% of his income on rent, 30% on food, and 20% on education. If he saves ₹2000, what is his total income?
The average of 20 numbers is 62. If 3 is added to each number, then the new average will be:
- What is computer memory primarily composed of?
