Question
A sum of money at a specific
annual simple interest rate grows to Rs. 2900 in 3 years and Rs. 3500 in 5 years. Calculate the interest earned when this same amount is invested at a rate of 25% p.a. compounded annually for 2 years.Solution
ATQ,
Simple interest earned in two years = 3500 – 2900 = Rs. 600 Simple interest earned in 1 year = Rs. 300 So, sum invested = 2900 – 3 × 300 = 2900 – 900 = Rs. 2000 Desired interest = [(1.25)2 – 1] × 2000 = 0.5625 × 2000 = Rs.1125
A PCA Framework for NBFCs has also been put in place to further strengthen the supervisory tools applicable to NBFCs, The same shall apply to:?
Sub-prime crisis' is a term associated with which one of the following events?
What is the minimum pension amount per month for employees with at least 10 years of service , under the newly notified Unified Pension Scheme (UPS) whi...
If the amount of work certified is 20% of the contract price, then how much profit should be taken to Profit & Loss Account?
Calculate the Proprietary ratio of the company, from the above information.
Which of the following statements regarding the classification of financial markets is/are correct?
1. Debt markets are primarily concerned with ...
________ is the respect for following laid down norms for achieving obedience, application, involvement as well as an outward mark of respect.
What is the employer’s contribution in case of Unified Pension Scheme (UPS)?
Closing stock is valued at the oldest stock price in which among the following methods of valuation of inventory?
A wilful defaulter or any entity with which a wilful defaulter is associated , is ba rred to get any additional credit facility from a lender for a peri...
Relevant for Exams:
