Question
A and B started a business with initial investments of
Rs. 30000 and Rs. 40000 respectively. After one year, a profit of Rs. 8000 is earned. A being a working partner gets 23% 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 = 30000:40000 = 3:4 Profit share of A for being a working partner = 0.23 times; 8000= Rs. 1840 Profit share of A for his investment = 3/7 times; 0.77 times; 8000 = Rs. 2640 Total profit of A = Rs. 2640 Compound interest earned by A = 4480{(1 + 0.10)2ndash; 1} = Rs. 940.8
Which one of the following statement is correct:Â
Art 12 of the Constitution of India defines State to include:
Where both the parties to an agreement are under a mistake as to a matter of fact essential to the agreement, the agreement is__________________
According to the RTI Act, can legal proceedings be initiated against any person for actions done in good faith under this Act or any rule made thereunder?
The State Chief Information Commissioner and the State Information Commissioners shall be appointed by the Governor on the recommendation of a committee...
The term of the interim resolution professional shall continue ___________________
Which of the following statements about the "Public Procurement (Preference to Make in India) Order" is correct with respect to the Law of tenders?
Under Chhattisgarh Excise Act 1915 who has the power to declare as to what shall be deemed to be country liquor and Foreign liquor?Â
As per section 9(c) of the Industrial Disputes Act, 1947 the total number of members of the Grievance Redressal Committee shall not exceed more than ___...
Pleadings should state:
Relevant for Exams:
