Question
A and B started a business with initial investments of
Rs. 28000 and Rs. 30000 respectively. After one year, a profit of Rs. 5800 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 10% compound interest compounded annually. Find the interest earned by A after 2 years.Solution
The ratio of their investments = 28000:30000 = 14:15 Profit share of A for being a working partner = 0.30 times; 5800= Rs. 1740 Profit share of A for his investment = 14/29 times; 0.70 times; 5800 = Rs. 1960 Total profit of A = Rs. 1960 Compound interest earned by A = 3700{(1 + 0.10)2ndash; 1} = Rs. 777
What position does India hold in the World Economic Forum's 2024 Travel and Tourism Development Index among 119 countries?
Which dynasty saw Kanchipuram emerge as a hub of temples and Vedic learning, and whose ruler Vishnugopa was vanquished by Gupta emperor Samudragupta?
When were the first Paralympic Games held?
When did the Ministry of External Affairs (MEA) announce the resumption of Kailash Mansarovar Yatra?
When is World Sanskrit Day celebrated every year?
Pandit Birju Maharaj is renowned for his mastery in which classical dance form?
Where is Kalinjar Fort, a site of historical significance, located?
With which Indian state is the Lepcha tribe primarily associated?
The Vedic outlook of an individual and his relation to the society is determined by the four aims of life. Which of the following is not one of these ob...
Who has taken oath as the Chief Minister of Maharashtra?
