A Man deposited certain amount in the Bank at the end of each year. How much amount did he deposited at the end of each year at the rate of 15% simple Interest, so that he will get Rs. 980 at the end of 4th year?
Let the amount be 100 units Interest = 15% 
Total Interest = 45 + 30 + 15 + 0 = 90 Total Amount = 400 + 90 = 490 units 490 units = 980 1 unit = 200 Formula Method :- Formula for Annual Payment/ Annual Income / Annual Installment = (Due Debt ×100)/(100 ×t+ (r × t ×(t-1) )/2) = (980 ×100)/(100 ×4+ (15 × 4 ×(4-1) )/2) = 98000/(400+90) = 200
The ledger column that links the entry with the journal is called as.
Calculate Cash ratio of the company?
What is the maximum deduction allowed under Section 80U of the Income Tax Act, 1961, for an individual with a normal disability?
Section 63 of the Companies Act. 2013 deals with the issue of bonus shares. According to Sub-section (1) of this section, a company may issue fully paid...
A person shall be eligible for appointment as an auditor of a company only if he is a _______________
The Bank overdraft repayable on demand will be reported in the cash flow statement as _____
Which of the following financial statements would provide information about a company's income?
Which regulatory body in India is responsible for overseeing and regulating the functioning of non-banking financial companies (NBFCs)?
S, an entity had 500 units of product X at 30 June 2015. The product had been purchased at a cost of $18 per unit and normally sells for $24 per unit. R...
An interface, that allows a user to interact with the e-commerce vendor in a two-tier architecture, is known as __________.
