Question
A and B started a business with initial investments of
Rs. 15000 and Rs. 25000 respectively. After one year, a profit of Rs. 20000 is earned. A being a working partner gets 32% 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 10% compound interest compounded annually. Find the interest earned by A after 2 years.Solution
The ratio of their investments = 15000:25000 = 3:5 Profit share of A for being a working partner = 0.32 × 20000 = Rs. 6400 Profit share of A for his investment = 3/8 × 0.68 × 20000 = Rs. 5100 Total profit of A = Rs. 5100 Compound interest earned by A = 11500{(1 + 0.10)2 – 1} = Rs. 2415
Which entity launched the ship-to-ship LNG transfer initiative?
Which of the following reasons can be attributed to the excessive pressure on agricultural land in India?
a) right of inheritanceÂ
b) Siz...
India has targeted to achieve Sustainable Development Goals (SDGs) target of Maternal Mortality Ratio (MMR) of ____ maternal deaths per lakh live births...
According to the States' Startup Ranking 2021 in Category B which state was nominated as the ‘Best Performer’?
The Amount allocated to Atma Nirbhar Horticulture Clean Plant Program is Rs. ________?
Rajendra I was the son of which of the following Chola kings?
What is the percentage of Foreign Direct Investment (FDI) allowed in the space sector under the amended policy to attract potential foreign investors?
In which country can one witness the green aurora (Northern Lights)?
 Why was the National Investment and Infrastructure Fund (NIIF) created?
What is manganese used for ?
