Question
Aman invested Rs. 'a' and Rs. (a + 2100) in SIP 'P' and
'Q', respectively, in a way that the amounts received from both SIPs after 2 years are equal. If SIP 'P' and 'Q' provide compound interest (compounded annually) at rates of 25% p.a. and 20% p.a., respectively, then determine the value of 'a'.Solution
We can say that, The amount received on investing Rs. ‘a’ for 2 years at 25% interest p.a., compounded annually-  = a × (1 + 25/100)2 = Rs. {a × (5/4)2} The amount received on investing Rs. (a + 2100) for 2 years at 20% interest p.a., compounded annually. = (a + 2100) × (1 + 20/100)2 = Rs. {(a + 2100) × (6/5)2} ATQ. a × (5/4)2 = (a + 2100) × (6/5)2 Or (25a/16) = (a + 2100) × (36/25) Or (25a/16) × (25/36) = a + 2100 Or 625a/576 = a + 2100 Or 49a = 2100×576 Or a = 24685.7
No company limited by shares shall, after the commencement of the Companies Act, 2013 issue any preference shares which are __________________
Consider the following statements regarding the appointment of directors under Section 166 of the Companies Act, 2013:
Statement 1: A director mu...
What is the punishment in case of sedition?
The Clyton Rule is applicable to which of the following ?
As per the IRDA Act, 1999 the Authority shall maintain proper accounts and other relevant records and prepare an annual statement of accounts in such fo...
Read the following statements thoroughly:
1. Attempt to commit an offence under the Act is punishable.
2. Abetment requires the actual com...
What is the limitation period for an appeal as provided under Section 10 of the Limitation Act?Â
According to Section 8(1), if no sum is expressed to which a fine may extend, what is the limitation on the amount of fine?Â
Under Section 36(2), what happens to enforcement when a Section 34 application (to set aside the award) is filed?
The President gives his resignation to the:Â
