Question
Krishna invests a certain amount at an annual simple
interest rate of 9% for 2 years. The total amount he receives after this period is then reinvested at an annual simple interest rate of 14% 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 P = 100 Interest from first = 2 × 9% × 100 = 18 Amount = 118 Interest from second = 4 × 14% × 118 = 66.56 18 : 66.56 = 9 : 33
What is the minimum Base Capital for initial 6 months required for a foreign entity interested to act as a clearing member in Bullion Exchange as per th...
Which of the following leading NBFC has raised five-year loan of $100 million from the ADB through external commercial borrowing (ECB) under its social ...
After issue of demand notice under section 13 (2) of SARFAESI, what is the time limit within which the secured creditor can initiated an action for enfo...
Which of the following cities is ranked second in the Global Financial Centres Index 35 (GFCI 35)?
The global smartphone market is dominated by a few major players like Apple, Samsung, and a few Chinese brands. These companies engage in intense compet...
Consider the following statements regarding the Neobanks:
1) They are digital banks with multiple branches.
2) ...
Which among the following are the characteristics of a budget?
Who has the primary responsibility for the Stand Up India Scheme?
What do ethics most closely relate to?
Under which act are hawala transactions prohibited in India?