Question
A person invested Rs. 75,000 at an annual compound
interest rate of 12%, compounded annually for 12 months. How much more profit would he have earned if the interest had been compounded semi-annually instead of annually?Solution
Amount = Principal x {1 + (Rate/100)}T Interest earned when interest is compounded annually = 75000 x 1.12 - 75000 = Rs. 9,000 When compounding semi-annually: Rate of interest = 12 ÷ 2 = 6% p.a. And, effective terms = 2 terms, where each term consist of 6 months So, Interest earned when interest is compounded semi-annually = 75000 X 1.062 - 75000 = Rs. 9,270 So, required difference = 9270 - 9000 = Rs. 270
A proposal when accepted becomes :
Which of the following activities would require an environmental impact assessment (EIA) in India?
Under which section of IT Act, stealing any digital asset or information is written a cyber-crime?
Court will presume an abetment of suicide by a married woman, when it is shown that she committed suicide within a period of ……………of her marri...
As per the Sales of Goods Act, 1930 when does an agreement to sell becomes a sale?
Which of the following are not inventions under Patents Act 1970?
Law of Limitation is based on the maxim-
Different minimum rate of wages may be fixed for
 I.       Different Scheduled Employments
 II.       Different loca...
Where a person delivers to a creditor documents of title to immovable property, with intent to create a security, the transaction is called
______________ means when two or more persons are said to consent when they agree upon the same thing in the same sense
