Ajay invested Rs.24,000 in Fund 'P' for a duration of 4 years, where it earns simple interest at a rate of 22.5% per annum. The amount obtained from Fund 'P' is subsequently invested in Fund 'Q,' which provides simple interest at a rate of 20% per annum for 2 years. Determine the interest received from Fund 'Q.'
ATQ, Interest received from Fund 'P' = 24000 × (22.5/100) × 4 = Rs. 21,600 So, the sum invested in Fund 'Q' = Amount received from Fund 'P' = 24000 + 21600 = Rs. 45,600 Interest received from Fund 'Q' = 45600 × (20/100) × 2 = Rs.18,240
Consider the following statements regarding the financial center of Zurich:
1) Zurich is the largest city in Switzerland
2) It is a global...
A bank borrows Rs.50 crore from call money market on a daily basis. It invests in 5-year Government of India bonds with YTM of 7.10% having market value...
Which of the following is not a characteristic of lean manufacturing?
Under written down value method of Depreciation, the WDV of the asset is always:
Legal risk in a bank can lead to which of the following?
I. claims against institution,<...
Which portal did the Prime Minister unveil under the Ministry of Social Justice & Empowerment?
Bharatmala is one of the major initiatives of the Government to take the nation towards sustainable and high economic growth. Which of the following co...
Which of the following is not a major sector that the Gujarat International Finance Tec-City (GIFT City) is expected to serve?
What should be the method of valuation for advances against financial securities like shares/debentures/bonds?
A rate at which RBI (Reserve Bank of India) lends to commercial banks by purchasing securities:
