Question
What is the overtime rate for workers employed in
agriculture mentioned under the act of minimum wages act 1948?Solution
The overtime rate for workers employed in agriculture is one and a half times the ordinary rate of wages, as per the given statement.
Mr. X deposits ₹10,000 at a simple interest rate of 8% per annum for 4 years. After 2 years, he invests an additional ₹12,000 at the same rate for 3...
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Anuj invested Rs. ‘x’ at simple interest of 15% p.a. and Anil invested Rs. (x + 500) at simple interest of 10% p.a. If at the end of 2nd year, sum o...
Find the ratio of simple interest and compound interest compounded annually received on a certain sum of at 20% rate of interest after two years respect...
The difference of simple interest from two banks on Rs. 8,000 in 3 years is Rs. 800. If the rate of interest per annum in two banks is R1 and R2, then w...
A man invested Rs. 'r' in scheme 'E' offering simple interest at 14% for 6 years and Rs. 3,000 in scheme 'F' offering simple interest at 10% for 3 years...
- A bank offers interest at the rate of 10% per annum, compounded half yearly. Find the interest received at the end of the year on a sum of Rs. 30000.
Determine the value of 'K' if an investment of Rs. 30,000, made under a simple interest scheme at an annual rate of 18%, yields an interest amount of Rs...
What will be the net CI on Rs. 5000 for 4 years at 30% p.a compounded annually?
Simple interest on a sum at 8% per annum for 3 years is Rs. 1920. What is the principal?
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