Question
Find the rate of simple interest at which Rs. 8500
should be invested for 2 years so that the interest earned will be same as the interest received when the same amount is invested at 10% at compound interest compounded annually for same time period.Solution
Compound interest earned in 2 years = 8500 times; [(1.1)^2 ndash; 1] = 0.21 times; 8500 = Rs. 1785 Let the rate of simple interest is R% According to question, (8500 times; R times; 2)/100 = 1785 170 times; R = 1785 R = 10.5%
After issue of demand notice under section 13 (2) of SARFAESI, what is the time limit within which the secured creditor can initiated an action for enfo...
As per ERG theory, which of the following needs had motivated RAM to join ABC Ltd?
What are the factors that may cause NBFCs to restructure or reschedule project loans?
What does BRBNMPL expand for?
The International Financial Services Centres Authority Fund shall be applied for _____________
In six sigma under the define phase, which of the following is used to find the root of a problem?
Fixed cost Rs. 80,000; Variable cost Rs. 2 per unit; Selling price_Rs. 10 per unit; turnover required for a profit target of Rs. 60,000.
Expand FETERS
The cost of capital for a firm _______.
Which payment system has facilitated the smooth release of DBT benefits by the Prime Minister to 8.34 crore farmers under the PM-KISAN Scheme?
