Atul has Rs.300 with him. He invested 40% of the amount at 5% p.a. for 6 years and rest at 25% p.a. for 5 years. Find the sum of simple interests received by Atul from the two investments.
SI received from 40% of the sum = (0.4 x 300 x 5 x 6)/100 = Rs.36 SI received from 60% of the sum = (0.6 x 300 x 25 x 5)/100 = Rs.225 Therefore, total SI received = Rs.(36 + 225) = Rs.261
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Only Treasury Bills with maturity of 91 days are included in the calculation of fiscal deficit.
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The accounts of the budget are scrutinized by the Public Accounts Committee of the Indian Parliament.
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