Question
Amit invested Rs. 8,500 for 5 years in a scheme offering
simple interest at 10% per annum. He distributed the total amount received by him from the scheme among his three cousins ‘X’, ‘Y’ and ‘Z’ in the ratio 2:5:3 respectively. Find the amount received by ‘Y’.Solution
ATQ,
Amount received by Amit from the scheme = 8500 + (8500 × 10 × 5 ÷ 100) = 8500 × {1 + (50/100)} = 8500 × (150/100) = 85 × 150 = Rs. 12,750 Amount received by ‘Y’ = 12750 × (5/10) = Rs. 6,375
Which design/shape is used to describe this need hierarchy theory of motivation?
Which among the following correctly describes Margin of Safety?
Bad debts Recovered `1,000 will be credited to which among the following accounts?
The government had introduced a scheme to ensure the easy availability of credit to exporters while reducing export-associated risks. Which of the follo...
What recent (April 2024) announcement did the National Stock Exchange (NSE) make regarding derivatives contracts?
TRP Ltd. recorded operating profit of Rs.100,000, tax of Rs.17000, interest of Rs.34,000 and dividends of Rs.5000. What is the company’s net profit a...
If the amount of work certified is 20% of the contract price, then how much profit should be taken to Profit & Loss Account?
Suppose two distributions have the same mean, same standard deviation and are equally skewed, but the first distribution is more peaked than the other. ...
Which of the following appears under the heading 'Reserves & Surplus' in the balance sheet?
 The transactional leadership looks at the relation between a leader and subordinate as a transaction of rewards which the followers receive for their ...
Relevant for Exams:
