Question
Hitesh divided Rs. 20,100 into two portions. He invested
the first portion at 6% simple interest per annum for 5 years, and the second portion at 20% simple interest per annum for 5 years. If the simple interest earned on the first portion is 4/9 times of the simple interest earned on the second portion, what is the amount of the second portion?Solution
Let first part = Rs. (20100 - x) and second part = Rs. x
SI on first part = (20100 - x) * 6 * 5/100
And SI on second part = x * 20 * 5/100
(20100 - x) * 6 * 5/100 = 4/9 * x * 20 * 5/100
=> 27(20100 - x) = 40x
=> 542700 - 27x = 40x
=> x = 542700 / 67
=> x = Rs. 8100
What is the key aspect of ethical decision-making in a professional setting?
Which of the following principle applies when Provision for Doubtful Debts is required to be maintained in the books of accounts?
Which among the following correctly describes Margin of Safety?
Public Provident Fund account is one of the most popular government-backed saving schemes in India . What is the interest rate payable on PPF for the qu...
Financial Instruments such as Call Money, Collateral Loans, Bills of exchange, T-Bills, CoD forms an integral part of?
According to Section 6 of the Indian Trusts Act, 1882, a trust becomes void if its purpose becomes unlawful after its creation due to changes in the law...
In which model of organizational behavior is culture based on status and job titles?
What is the maximum credit guarantee cover on loans to startups in 27 priority sectors ?
How much loan did Fusion Micro Finance obtain from the United States International Development Finance Corporation (DFC)?
A separate shareholders’ resolution is required in case of ESOP where:
