Question
'A' invests Rs.10,000 for 3 years at a certain rate of
interest. At the end of the second year, it amounts to Rs.11,664. Calculate the rate of interest per annum, if interest is compounded annually.Solution
A = P x (1 + r / 100)t 11664 = 10000 (1 + r / 100)2 11664 / 10000 = (1 + r / 100)2 (108/100)2 =(1 + r / 100)2 108/100 = 1 + r/100 108 -1/100 = r/100 8/100 = r/100 r = 8%
GSTN is a -----------
An entry with more than one debit or credit is known as
In a manufacturing company, which of the following best represents a preventive control?
Which of the following is considered as nominal account?
As per the Companies Act, 2013, the audit committee shall have powers:
(i) to investigate any activity within its terms of reference
(ii) ...
In international wire transfers, which role does a SWIFT Code play for the sender and the beneficiary?
The Financial Inclusion Index published by RBI is based on which three dimensions?
What is the formula for calculating operating leverage?
A company enters into a contract to construct a specialized asset over 4 years. At the end of Year 2, total costs incurred are ₹60 lakh, estimated tot...
Which of the following statements are true or false?
Statement 1: Management of cash means management of cash inflow.
Statement 2: Cash ma...
Relevant for Exams:
