Question
Sita invests a certain amount at an annual simple
interest rate of 10% for 3 years. The total amount she receives after this period is then reinvested at an annual simple interest rate of 6% for the next 4 years. Determine the ratio of the initial investment to the final amount obtained at the end of the entire period.Solution
ATQ, Let initial = P After 3 years at 10% SI: Amount = P(1 + 0.10×3) = P(1 + 0.30) = 1.30P After 4 years at 6% SI on 1.30P: Final = 1.30P(1 + 0.06×4) = 1.30P(1 + 0.24) = 1.30P × 1.24 = 1.612P Ratio (initial : final) = P : 1.612P = 1 : 1.612 = 250 : 403
_________ is NOT a part of Monte Carlo Simulation.
How many parties are involved in a Bill of Exchange?
Which of the following scenarios correctly reflects the going concern assumption?
A deferred revenue expenditure is one which:
Who is responsible for ensuring compliance with the obligations imposed under Chapter IV of the PML Act and for reporting to the Financial Intelligence ...
Goodwill acquired in a business combination must be tested annually for impairment. To which level should it be allocated for testing?
In corporate finance, a Bridge Loan is best described as which of the following?
Controls over the development and implementation of an information system are part of:Â
Section 28 to 44 D of the Income Tax Act, 1961 is related with:
The government’s GST Sahay app is designed to help MSMEs with:
Relevant for Exams:
