Question
A woman lent Rs. 29500 at 13% p.a. compound interest,
compounded annually for two years. After two years, the total amount earned by the woman is again lent for 2 years at 19% p.a. simple interest. What is the total interest earned by the woman in 4 years?Solution
ATQ, Amount earned by the person in 2 years = 29500 × (1.13)² = Rs. 37616.85 Compound interest earned by the woman = 37616.85 – 29500 = Rs. 8116.85 Simple interest earned by the woman = (37616.85 × 19 × 2)/100 = Rs. 14254.41 Total interest earned = 8116.85 + 14254.41 = Rs. 22371.26
Which pension fund scheme is open to all citizens of India and provides a defined contribution to the account?
Which of the following regulatory bodies has its headquarters located in Gift City?
1) Insurance Regulatory and Development Authority of...
Which of the following is incorrect regarding LM curve?
In risk management (Basel framework) advanced internal ratings-based (A-IRB) approach is used for measurement of?
State whether the following statements are true/false:
1 LIFO method of pricing of materials is more suitable when material prices are rising
...Which of the following features best describes a Term Loan as compared to a Cash Credit facility?
Which of the following statements correctly describes the requirements for filing an information memorandum under the shelf prospectus regulations?
What was the total value of invoices financed by the RXIL TReDS platform as of FY24?
Which of the following can be used for risk shifting?
Which of the following is not a step in the Risk Management Process?