Question
A and B started a business with initial investments of
Rs. 12000 and Rs. 28000 respectively. After one year, a profit of Rs. 8000 is earned. A being a working partner gets 25% 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 = 12000:28000 = 3:7 Profit share of A for being a working partner = 0.25 times; 8000= Rs. 2000 Profit share of A for his investment = 3/10 times; 0.75 times; 8000 = Rs. 1800 Total profit of A = Rs. 1800 Compound interest earned by A = 3800{(1 + 0.15)2 ndash; 1} = Rs. 1225.5
Which one of these online marketplaces becomes the first major platform to offer direct mutual funds to consumers?
Select the wrong statement regarding Veer Chandra Singh Garhwali Self-Employment Project--
What is the financial outlay approved by the Union Cabinet for the continuation of PM-AASHA schemes until 2025-26?
Who was the first Chief Commissioner of Chandigarh?
DU PONT Analysis deals with:
What was India’s rank in the 2024 Global Nature Conservation Index (NCI), and what was its score?
Cairn Energy Co. is headquartered in which country?
Where is the Kodaikanal Solar Observatory situated?
When did the British Government call the Indian leaders for the first Round Table Conference?
On which date has the United Nations designated as World Football Day?
