Question
Mitch placed Rs. 32,000 in a compound interest account
with an annual rate of 30%, compounded semi-annually. After investing for a period of 15 months, calculate the total amount Mitch will receive by the end of this term.Solution
Compound interest = Sum X {1 + (rate of interest/100) }time period - Sum Effective rate of interest = 30 ÷ 2 = 15% per term So, amount after 1 year = 32,000 X (1.15) 2 = Rs. 42,320 And interest charged in next 3 months = 42,320 X 15 X 3 ÷ (12 X 100) = Rs. 1,587 So, amount after 15 months = 42,320 + 1587 = Rs. 43,907
The marketing component of e-commerce is also known as online marketing and:
A new start-up recently finished prototyping their invisiblity gown, and they are now available at select retailers across the country. What stage of th...
Purchase of insurance usually involves:
Each of the following is an example of external secondary data EXCEPT?
UPI is best classified as a:
Which CRM metric indicates percentage of customers who stopped using services?
Special marketing efforts are usually needed to communicate the benefits to potential buyers of ________________, because they are intangible.
When customers perceive a bank as highly specialized in MSME lending only, it may suffer from:
All of the below are considered basic techniques of exploratory research except:
Which segmentation factor will members of a local hunting, fishing, and trapping association be characterized as?
Relevant for Exams:
