I borrow 100 euros from you and promise to pay you back next year the principal and 10%. That means I owe you 110 euros next year. I now unilaterally declare that I will only honour 25 euros of debt to you. Next period I pay you 27.5 euros [25 + 1/4(10)]. That is the same amount as though announcing to you next period that I would tax your 110 euros 75% (i.e., you keep only .25*110=27.5)
SERENE
Certain crimes must be swiftly prosecuted and beyond any doubt denounced.
In the following question find the synonym of the given word - Voyage
Select the most appropriate synonym of the given word.
Reticent
Choose the correct synonym of the word highlighted in each sentence from the alternatives given below it.
There was a look ecstasy on his face....
She is known to be frank and always speaks her mind.
ACCOMPLICE
Select the single word from 1) to 4) which means most nearly the same as the given phrase.
Using or containing more words than are needed<...
Select the INCORRECTLY spelt word.
Choose the most appropriate antonym from the given options:
‘Capacity’