Question
A, B, and C all three invested in scheme at 20% SI for 2
years. A, B, and C entered in partnership with interest received from the scheme for 1 year, 8 months, and 4 months respectively. Find out the ratio of the profit shared by A, B, and C.Solution
Interest received in scheme after two years = 1/5 × 2 × P Interest received by A in scheme after two years = 1/5 × 2 × 18000 = Rs 7200 Interest received by B in scheme after two years =1/5 × 2 × 26000 = Rs 10400 Interest received by C in scheme after two years = 1/5 × 2 × 32000= Rs 12800 A, B, and C entered in partnership for 12 months, 8 months, and 4 months Ratio of the partnership = 7200:10400:12800 = 9:13:16 Ratio of time period = 12:8:4 Ratio of profit earned = (9×12):(13×8):(16×4) = 27:26:16
The establishment of Vizhinjam Port as India's first transshipment port is strategically important because it:
Which bank has introduced a digital facility for Non-Resident Indians (NRIs) to effortlessly open NRE and NRO accounts (both savings and current acc...
What does the recent data on India’s mineral imports indicate about the trends in mineral import values and volumes?
Recently Padma Shri Bhojpuri artist Ramchandra Manjhi passed away . He was honoured with India ’ s fourth highest civilian award, Padma Shri by th...
The statement "Economics is what ought to be" pertains to which type of economics?
Which organization among the options is planning to launch "Bima Vahak" in every gram panchayat?
India recently reached an agreement with China to end a military standoff in which region?
Who has been chosen as the Business Standard Banker of the Year 2022?
Mark the correct match of tribal dance and their tribe.
What is the primary component of an eggshell?
Relevant for Exams:
