Question
Which article of the Indian Constitution is associated
with the Finance Commission?Solution
Article 280 of the Indian Constitution mandates the establishment of a Finance Commission to define the financial relations between the central government and the states.
The compound interest on a certain amount, compounded semi-annually at a rate of 10% per half year for one year, is Rs. 810 less than the simple interes...
- Ramesh invested Rs. 8,000 in scheme ‘X’ offering simple interest of 15% p.a. After 3 years, he reinvested the total interest earned from scheme ‘X’...
Suresh earned an interest of Rs. 1161 on principal amount of Rs. 3600 at some rate of compound interest in 2 years. How much more/less interest would he...
What sum of money must be given at simple interest for 3 months at 5% per annum in order to earn Rs. 220 interest?
A certain sum when invested for 3 years in a scheme offering simple interest of 16% p.a. gives an interest of Rs. 1032. What is 110% of the sum invested?
A certain sum of money invested at a rate of 12% p.a. amounts to Rs. 11576.25 at the end of 15 months if the rate of interest is compounded 5 monthly. F...
- P deposits ₹(A - 10,000) in a bank at an interest rate of 10% per annum, compounded half-yearly, for 1 year. Meanwhile, Q invests ₹(A + 15,000) in the ...
Manoj deposited a sum of money in a scheme that offers 10% annual compound interest for a period of three years. If the total interest he earned at the ...
A certain amount earns simple interest of Rs. 1420 after 4 years. Had the interest been 5% more, how much more interest would it have earned?
The difference between the compound interest compounded annually and simple interest on a sum at 10% p.a. for 2 years is Rs. 210. Find the sum.
Relevant for Exams:
