Question
Which of the following terms refers to the process of
merging multiple loans into a single loan with a lower interest rate?Solution
Debt consolidation refers to the process of merging multiple loans into a single loan, often with a lower interest rate, making it easier for borrowers to manage debt.
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‘A’, ‘B’ and ‘C’ entered into a partnership by making investments in the ratio 5:6:9, respectively. At end of the year, if the difference be...
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A, B and C hired a taxi for Rs. 780 and used it for 3, 4, 6 hours respectively. Hiring charges paid by B are:
The contributions made by A and B are in the ratio of 2:5. If 10% of total profit is donated and A gets 8100 as his share of profit, what is the total p...
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