Question
The interest obtained by investing Rs. (3p + 100) at a
simple interest rate of 10% p.a. for 5 years is Rs. (2p + 250). Find the ratio (p - 75) : (p + 125).Solution
ATQ,
Simple interest = Principal × rate × time ÷ 100 So, 2p + 250 = (3p + 100) × 10 × 5 ÷ 100 Or, 2p + 250 = 1.5p + 50 Or, 0.5p = 200 Or, p = 400 Required ratio = (400 - 75) : (400 + 125) = 325 : 525 = 13 : 21
If the realisable value of security held by a bank is less than what percentage of the exposure, the asset is treated as unsecured (loss asset)?
Interest payable u/s 234C is computed at
XYZ Ltd. plans a buyback of 10 lakh equity shares at ₹200 each. Face value is ₹10. The company will use reserves for this. What impact will it have ...
What is the primary purpose of GSTR-1 in the GST (Goods and Services Tax) system?
What is the purpose of performing Due Diligence by banks under KYC norms?
A power company appraises a 25-year hydro project with IRR of 12% and a payback of 8 years. However, the risk-adjusted discount rate is 15%. Should the ...
ABC Ltd. wants to conduct a vertical analysis of its income statement. To standardise its financial data, each line item should be presented as a propor...
The term supply includes:
The term ‘ Previous year’ is defined under which section of Income Tax Act?
Which of the following statements is INCORRECT regarding Priority Sector Lending (PSL)?