Question
Simple interest on a sum of Rs.5100 at some r% is for t
years is Rs.918. If r and t are integers and 1 < r < t, then find the minimum simple interest earned on Rs.2400 at (r + 3)% rate per annum for 6 years.Solution
Simple interest = sum * rate * time/100
918 = 5100 * r * t/100
r * t = 18 = 2 * 9 = 3 * 6
Now, 1 < r < t, and both r and t are integers.
So, minimum value of r = 2
Now, minimum simple interest earned on Rs.2400 at (r + 3)% rate per annum for 6 years
= 2400 * (r + 3) * 6/100
= 2400 * (2 + 3) * 6/100 = Rs.720
Opening Stock               ₹ 2,00,000
Closing Stock                ₹ 2,20,000<...
A company purchases machinery for ₹10 lakhs and incurs ₹1 lakh on its installation. The accountant records the total ₹11 lakhs under the fixed ass...
Find the incorrect statement:
Section 6 of the Negotiable Instrument Act, refers to:
A company incurred ₹1 lakh as preliminary expenses. How should it treat the amount under current Ind AS?
The relationship between the operating income and earnings per share is known as
A manufacturing company sells a product for ₹500 per unit. The variable cost per unit is ₹300, and the fixed costs are ₹12,00,000 annually. Manage...
An auditor of a listed company shall not be appointed, if it is an individual as auditor, for?
Opening inventory Rs. 1,700/-, Purchases Rs. 27,000/-, Closing inventory Rs. 1,500. Cost of goods sold will be           Â
...According to money measurement concept the following will be recorded in the books accounts of the business:
Relevant for Exams:
