Question
The interest received by investing Rs. 1200 for 2 years
at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple interest of 25% p.a. Find the simple interest received.Solution
Compound Interest received = 1200 × {1 + (20/100)}2 – 1200 = 1200 × (12/10)2 – 1200 = 1728 – 1200 = Rs. 528 Simple interest received = 528 × 3 × 25 ÷ 100 = Rs. 396
In a leveraged buyout (LBO), what is the primary source of funds used for the acquisition of a company?
Which of the following is/are “inflation measuring indices” in India?
1. Consumer price index
2. Wholesale price index
...
How much loan did Fusion Micro Finance obtain from the United States International Development Finance Corporation (DFC)?
A monthly self-declaration to be filed for furnishing summarized details of all outward supplies made, input tax credit claimed, tax liability ascertai...
A Sub-standard asset is a non performing asset that has remained non-performing for a period __ __________
A manager is expected to solve problems and handle disturbances in the organisation. It is ____ role of a manager.
What is the minimum paid-up share capital to incorporate a Nidhi company?
Which of the following decisions do not affect the Free Cash Flow to equity?
Conscientiousness measures what aspect of a person's personality?
What is the maximum overdraft that can be provided by a bank to account holder of the Pradhan Mantri Jan Dhan Yojna ?
Relevant for Exams:
