Question
Under the MSMED Act, 2006, what is the interest rate
that a buyer must pay to an MSME supplier if payment is delayed beyond the agreed date?Solution
If payment is delayed beyond the agreed date, the buyer must pay compound interest with monthly rests at three times the Bank Rate notified by the Reserve Bank of India.
More Financial Management Questions
√1764 + 35 × 8 + 39 = ?2
18% of 200 - 16% of 150 = ?
25% of 30% of 3/5 of 14500 =?
2(1/3) + 2(5/6) – 1(1/2) = ? – 6(1/6)
7/3 of 4/5 of 15/56 of ? = 83
What will come in place of the question mark (?) in the following expression?
40% of 150 – ?% of 80 = 25% of 400
555.05 + 55.50 + 5.55 + 5 +0.55 = ?
64.5% of 800 + 36.4% of 1500 = (?)² + 38
What will come in the place of question mark (?) in the given expression?
25% of 1280 + (41 × 4) = ?2
Simplify the following expression:
((32)4 - 1)/33×31× (210+1)
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