Question
The difference between compound interest and simple
interest at rate of 22% per annum for 2 years is Rs. 484. Find the simple interest obtained on same amount for a period of 2 years at rate of 10% per annum.Solution
Let, the amount be Rs. P. P[(1 + 22/100)2 – 1] – P × 22% × 2 = 484 P × 0.4884 – P × 0.44 = 484 P × 0.0484 = 484 P = 484 ÷ 0.0484 = Rs. 10000 Therefore, required interest = 10000 × 10% × 2 = Rs. 2000
Which of the following is an example of a semi-variable cost? Â
According to the Georgetown Institute 2023 Women, Peace and Security Index, what percentage of Indian women aged 15 years and above reported feeling saf...
Which state in India was the first to become fully organic?
Which group of ratios relates the financial charges of a firm to its ability to service them
EBIT is usually the same thing as:
Who chaired the committee to examine the aspects of the digital public infrastructure for the Digital Payments Intelligence Platform?
Consider the following statements about Annual Financial Statement of 2023-24.
1. This is provided in the Constitution under article 112.
...According to the Union Budget 2023-24, consider the following statements. The Budget adopts seven priorities.
1. Inclusive Development
Under SARFAESI Act, which type of asset can a bank seize without court intervention?
Direct quotation is also known as
Relevant for Exams:
