Question
A invested Rs. ‘x’ in a scheme offering compound
interest of 40% p.a. compounded annually. If at the end of 2 years, interest received by A was Rs. (x – 1792), then find the value of ‘x’.Solution
According to the question, x – 1792 = x × 1.4 × 1.4 – x Or, 0.04x = 1792 Or, x = 44800
What is the key aspect of ethical decision-making in a professional setting?
Which of the following principle applies when Provision for Doubtful Debts is required to be maintained in the books of accounts?
Which among the following correctly describes Margin of Safety?
Public Provident Fund account is one of the most popular government-backed saving schemes in India . What is the interest rate payable on PPF for the qu...
Financial Instruments such as Call Money, Collateral Loans, Bills of exchange, T-Bills, CoD forms an integral part of?
According to Section 6 of the Indian Trusts Act, 1882, a trust becomes void if its purpose becomes unlawful after its creation due to changes in the law...
In which model of organizational behavior is culture based on status and job titles?
What is the maximum credit guarantee cover on loans to startups in 27 priority sectors ?
How much loan did Fusion Micro Finance obtain from the United States International Development Finance Corporation (DFC)?
A separate shareholders’ resolution is required in case of ESOP where:
Relevant for Exams:
