Question
A sum of ₹ 2,400 compounded annually at a certain rate
of compound interest in 2 years amounts to ₹ 2,904. What will be the simple interest (in ₹) on the amount at the same time and at the same interest rate?Solution
Solution- A=2904, P=2400. n=2 years. A=P(1+r/100) ² (2904/2400) =(1+r/100) ² 121/100=(1+r/100) ² r/100= (11/10)-1 r/100=1/10 r=10%. SI = (2400×10×2)/100 =480 Rs.
Match the following:
A) Authorised Capital P) for which company has received applications
B) Subscribed capital Q) Now shareholders
Sale of Rs.50,000 to ‘A’ was entered as a sale to ‘B’. This is an example of –
Which of the following does not determine the exchange rate?
Which country initiated a withdrawal from the World Health Organization (WHO) but later reversed it?
Where is India’s first ferret research center (or similar specialized veterinary facility) notably mentioned?
Working Capital is calculated by?
Where the signature of the drawer of a cheque is not genuine , such a cheque is called
Reserve Bank of India has cancelled the license of Independence Co-operative Bank Ltd. It is based at ________________.
Which of the following statement is NOT correct -
Which of the following is not a fully owned subsidiary of Reserve Bank of India (RBI)?
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