Question
A person 'P' takes a loan of Rs. 2400 at a simple
interest rate of 15% per annum for a duration of 2 years. 'P' then lends the same amount to another person 'Q' at a compound interest rate of 50% per annum, compounded annually, for the same period. Calculate the profit made by 'P' through this transaction.Solution
ATQ,
Amount to be paid by 'P' = {(2400 × 15 × 2)/100} + 2400 = Rs. 3120 Amount received by 'P' = 2400(1 + 50/100)2 = Rs. 5400 Therefore, profit earned by 'P' = 5400 – 3120 = Rs. 2280
If a stock's expected return is 18%, the risk-free rate is 6%, and the market return is 12%, what is the stock's beta according to the CAPM?
Total debt service cost implies which among the following?
Consider the following statements regarding ‘Innovation and Agri-entrepreneurship Development program’:
I. This development program has been ...
With respect to the Expenditure Budget, which of the following does not come under the Umbrella of Centers’ Expenditure there sub-classification?
In the case of_____, either outflow of resources to settle the obligation is not probable or the amount expected to be paid to settle the liability cann...
Accounts relating to income, revenue, gain expenses, and losses are termed as:
The entity willing to act as a Qualified Supplied-Limited Purpose Trading Member (QS-LPTM) on a Bullion Exchange shall be required to have net worth of ...
District cooling system has been implemented in India for the first time at which place?
What is the new interest subvention rate for higher education loans as per the revised Model Skill Loan Scheme in the Union Budget 2024-25?
In project management, what is meant by a ‘Milestone’?
Relevant for Exams:
