Question
The sum of the monthly incomes of ‘A’, ‘B’ and
‘C’ is Rs. 60000 which is 4 times the monthly income of ‘C’. If ‘A’ spends 60% of his income while ‘B’ spends 80% of his income and the sum of their savings is Rs. 16000, then find the savings of ‘A’.Solution
Monthly income of ‘C’ = 60000/4 = Rs. 15000 Let the monthly income of ‘A’ be Rs. x Therefore, monthly income of ‘B’ = Rs. (45000 – x) According to the question, 0.40x + 0.20(45000 – x) = 16000 Or, 0.2x = 7000 x = 35000 Or, savings of ‘A’ = 0.4x = Rs. 14000
The following figures related to the rent and rates payable expense for a business in 2020-2021. Which is the correct figure for rent and rate expense ...
In a negatively skewed distribution
ABC Ltd is a financing company and has given loans and advances to its subsidiary and earned an interest of Rs 1.00 lacs. This interest income is :
Which of the following factors has the highest weightage in RBI’s Financial Inclusion Index?
Which of the following transactions will result in a Fund Based exposure for a Bank?
Mr. Ankit received 1000 ESOPs at Rs.50 each. The fair value of the shares is Rs.120 at vesting time and Rs.130 at exercise time. What is the value of ES...
Which of the following derivative instrument is a type of financial derivative in which fixed payments of interest are exchanged by two counterparties f...
Which of the following is incorrect regarding the PMEGP scheme?
Manish is a manager who is out of town on a business trip. He needs to get some data to a member of his staff rather quickly so a presentation can be up...
Which of the following best describes a risk averse investor?
Relevant for Exams:
