Question
A and B started a business with initial investments of
Rs. 25000 and Rs. 30000 respectively. After one year, a profit of Rs. 11000 is earned. A being a working partner gets 30% of the profit for managing the business and rest of the profit is shared between them in the ratio of their investments. A invested his whole profit in a scheme offering 15% compound interest compounded annually. Find the interest earned by A after 2 years.Solution
The ratio of their investments = 25000:30000 = 5:6 Profit share of A for being a working partner = 0.30 times; 11000 = Rs. 3,300 Profit share of A for his investment = 5/11 times; 0.70 times; 11000 = Rs. 3500 Total profit of A = Rs. 6800 Compound interest earned by A = 6800{(1 + 0.15)2 ndash; 1} = Rs. 2193
What is the expected size of India’s mining equipment market by 2033?Â
What was the key objective behind the Integrated Aquapark being set up in Kailashahar, Tripura?
What was the key reason for the record-high trade deficit of $37.8 billion in November 2024?
What significant initiative was launched to promote 'Green Steel' in India?
- What was India’s ranking in the World Happiness Report 2025?
How many people will be covered under Andhra Pradesh's skill census initiative with Infosys?
What is the minimum age required to apply under the Kalaignar Kaivinai Thittam scheme?
Exchange-Traded Fund (ETF) is a basket of securities that can be traded on a stock exchange. In this regard, consider the following statements:
1...
Which of the following operations was associated with the posthumous Kirti Chakra recipient Naik Dilwar Khan?
India signed a Letter of Intent with the World Food Programme (WFP) to supply which fortified food item to crisis zones?
