Question
The interest earned on investing Rs. 4000 for 2 years at
the rate of 10% p.a., compounded annually, is used to purchase an article. If the article is later sold at 20% profit, then find the selling price of the article.Solution
Compound interest earned = 4000 × {1 + (10/100)}2 – 4000 = 4840 – 4000 = Rs. 840 So, selling price of the article = 840 × 1.2 = Rs. 1008
The headquarter of Gulf Cooperation Council was established in?
Andhra Bank and Corporation Bank were amalgamated into Union Bank of India in which of the following year?
Which of the following is not insured by the deposit insurance and credit guarantee corporation (DICGC)?
Khadi and Village Industries Commission (KVIC) is an apex organisation under which Ministry?
SCORES 2.0 is the complaint redress mechanism of which regulatory body?
In Which of the following year, the RBI Act, 1934 was amended to provide a statutory basis for the implementation of the flexible inflation targeting fr...
Which of the following instruments is considered an alternative to cash in the Indian payment system?
Which of the following was the first country to impose the Goods and Services Tax (GST)?
How many projects worth ₹50 crore were inaugurated under PMMSY in northeastern states?
Which of the following global e-commerce company becomes world's first listed firm to lose $1 trillion in market cap?