Question
A and B started a business with initial investments of
Rs. 15000 and Rs. 25000 respectively. After one year, a profit of Rs. 16000 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 20% 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 = 0.25 times; 16000 = Rs. 4000 Profit share of A for his investment = 3/8 times; 0.75 times; 16000 = Rs. 4500 Total profit of A = Rs. 4500 Compound interest earned by A = 8500{(1 + 0.20)2ndash; 1} = Rs. 3740
The Governor shall address ________________ at the commencement of first session of each year:
What does the term "National Pension System Trust" refer to as per the PFRDA Act provisions?
Sweat equity shares cannot be given to ......
Which one of the following is not an ingredient of theft?
What does "cartel" include as per the Competition Act ?
According to Prof. Dicey, what are the three meanings or principles of the Rule of Law?
a.   Supremacy of Law
b.   Equality b...
Application for anticipatory bail may be made before:
A decree holder is:
A contract is ___________ because it was caused by a mistake as to any law in force in India
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