Question
₹200 paid as wages for erecting a machine should be
debited to:Solution
Explanation: Wages paid for erecting a machine are part of the installation cost , which is a capital expenditure . It is added to the cost of the asset (Machine), not treated as a revenue expense like wages or repairs.
The interest received on investing Rs. (2p + 400) on simple interest at 15% p.a. for 4 years is Rs. (p + 540). Find the ratio (p + 100) :(p + 500).
A person deposited Rs. 30,000 in a savings account that earned simple interest at a rate of 'x%' per annum. After 2 years, the total amount in the accou...
A sum of ₹8,500 amounts to ₹11,900 in 5 years at simple interest per annum. If the rate of interest is increased by 3%, then the increased amount fo...
Rs. (n + 500) invested on simple interest amounts to Rs. 4,500 and Rs. 5,100 in 5 years and 6 years, respectively. Find the value of 'n'.
Rohit borrowed Rs. 6000 at R% S.I. and Rs. 4000 at (R + 5)% S.I. for 2 years. If the total interest was Rs. 2000, find the rate on Rs. 4000.
- An investment of Rs. 20,000 at simple interest amounts to Rs. 25,500 in 5 years. Find the annual rate of interest.
Rs. 5000 is invested in scheme ‘A’ for 2 years and Rs. 8000 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 16% ...
A certain sum at CI amounts to Rs 1200 in 3 yr and to Rs 1800 in 6 yr. Then the sum is ?
Karan invested a certain amount of money, splitting it into two equal parts. He placed one part in a simple interest scheme at an annual rate of 15% for...
Arjun borrowed Rs. 5000 at R% S.I. and Rs. 6000 at (R + 5)% S.I. for 2 years. The total interest paid was Rs. 2800. Find the rate at which he borrowed R...
