Question
A and B partnered to start a business with initial
investments of Rs. 1,200 and Rs. 1,500, respectively. After one year, they both reinvested additional amounts, with A contributing Rs. 600 and B adding Rs. 1,000. At the end of two years, their combined profit amounted to Rs. 4,200. A choose to reinvest his share of the profit in a scheme offering a 10% annual compound interest for two years. How much interest did A earn from this investment?Solution
Respective ratio of the profits of A and B = 1200 + 1200 + 600: 1500 + 1500 + 1000 = 3000: 4000 = 3:4 So the profit share of A = 4200 × 3/7 = Rs. 1,800 Interest earned by A = 1800 × {(1 + 0.10)2 – 1} = 1800 × 0.21 = Rs. 378
Record of all financial transaction related to individual asset, organisation is called?
IMPS-MMID is a ________ digit numeric code.
Which of the following statements is true about Debt-Service Ratio?
Which of the Following T-Bills is not issued at present?
What is the loan financing limit in Tarun category of PMMY?
Which committee is related to the Reforms related to Non-Banking Financial Companies (NBFC)?
Which of the following state tops the list in sales of electric vehicles across all segments which have availed of the FAME II subsidy?
Where is the Head Office of MUDRA Bank?
Lack of access to financial services is technically known as:
Where is the headquarter of UCO bank?
