Question
A man invested certain sum at 10% p.a. simple interest
for his son who was 17 years old. If the amount received by the son when he was 30 years old is Rs. 13200, then find the sum invested by the man.Solution
Let the sum invested by the man be Rs. x Time for which the sum is invested = 30 – 17 = 13 years According to the question, {(x × 10 × 13)/100} + x = 13200 Or, 2.2x = 13200 Or, x = 6000 Therefore, the sum invested by the man = Rs. 6000
What was the Foreign Exchange Earnings (FEE) for India in January-June 2024?
Which of the following is correct regarding Reinvestment Risk?
                             i.       When I...
Under the PM Vishwakarma Scheme, what is the maximum subvention provided by the government?
A company sells a unit for ₹20. Its fixed cost is ₹10,000, and the variable cost per unit is ₹10. What is the contribution per unit?
Under the simplified procedure for working capital finance to Micro and Small Enterprises (MSEs) with working capital limits of up to Rupees five crore,...
Bills for collection are shown by the bank under which head?
Net interest position of the bank has which of the following characteristics?
What is the primary purpose of the WEIDE fund launched by the WTO and ITC?
Under the composite criteria for MSME classification, how does an enterprise shift from one category to another?
A. An enterprise moves up to the...
The concept of "employee empowerment" is a central tenet of HRD philosophy. It involves delegating authority and responsibility to employees, enabling t...
Relevant for Exams:
