Question
A man takes a loan of Rs. 50,000 from a bank at a simple
interest rate of 10% per annum. He immediately lends the same amount to a friend at a compound interest rate of 10% per annum, compounded annually. What is the total profit he earns at the end of 3 years?Solution
Total interest paid by the man to the bank = (50000 X 10 X 3) ÷ 100 = Rs. 15,000
Total interest received by the man from his friend = 50000 X {(1.1) 3 Â - 1} = Rs. 16,550
So, profit earned by the man = 16550 - 15000 = Rs. 1,550
The e-commerce platform launched by APEDA for agri-exports is known as:
APEDA’s HortiNet system is primarily used for the traceability of which produce?
Which of the following is NOT a function of FSSAI?
…………………………means the crop producing capacity of a soil which is measured in terms of yield (bio-mass).
...Which of the following is not a product category covered under APEDA’s purview?
Which of the following is NOT a function of APEDA under the APEDA Act, 1985?
The branch of biology that deals with the heredity and variation of organisms. Who is known as father of genetics.
Which Indian organization helps exporters meet international food trade requirements and offers infrastructure support?
Traceability in agricultural export means:
In organic farming, which of the following is used as a biological nitrogen source?
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