Question
A sum of ₹8,500 amounts to ₹11,900 in 5 years at
simple interest per annum. If the rate of interest is increased by 3%, then the increased amount for the same period isSolution
Now, according to the question SI = A-P SI=Rs. (11900 - 8500) = Rs 3400 SI = (PRT) / 100 Rs 3400 = (8500×R× 5) / 100 R = (680/85) R = 8% Now, the rate of interest is increased by 3% = (8 + 3) % = 11% SI=Rs. (8500 ×11 × 5) / 100 SI = Rs.4675 Now A =P+SI =8500+4675 =13175.
What is the focus of the collaboration between IIT Madras and GIC Re in February 2023?
What is the difference between partial and full capital account convertibility?
The process of analyzing and assessing the creditworthiness of a borrower is known as:
XYZ Ltd. purchased an asset on 1st January, 20X0, for 1,00,000 and the asset had an estimated useful life of ten years and a residual value of nil. The ...
What is included in the value chain for ESG disclosures?
The purpose of trial balance is to know about the :
_______________ mean a company incorporated in India seeking to raise capital in foreign currency other than Indian rupee which has obtained requisite a...
Unit Costing is applicable where:
Capital structure of a firm influences the:
The DuPont Analysis uses the following ratios except:
