Question
'X' deposited a total of 40% of his monthly salary in
two SIPs, P and Q. SIP P offers compound interest at the rate of 10% p.a., compounded annually, while SIP Q offers simple interest at the rate of 8% p.a. The amount deposited in SIP P and SIP Q are in the ratio 5:4, respectively, and the total interest earned in 2 years is Rs. 676. Determine the monthly salary of 'X'.Solution
Let the amount deposited in SIP P and SIP Q be Rs. 5x and Rs. 4x, respectively. According to question, 5x × (1.12 – 1) + (4x × 8 × 2)/100 = 676 1.05x + 0.64x = 676 1.69x = 676 x = 400 So, required monthly income of X = (9 × 400)/0.4 = Rs.9000
Conspiracy to wage war against the State_________.
The Law of Contract is not related to which of the following maxims_______________
An application for initiating pre-packaged insolvency resolution process may be made in respect of ___________________ as laid down under the IBC
The Speaker of Lok Sabha may be removed
Amit with a guilty intention, abets a child sonu to commit murder of balbir. Which of the following is true in above case?
The first Annual General Meeting of the company shall be held ______________
Which of the following is incorrect with respect to the information that are required to be incorporated in the Memorandum of Association of a Company?
According to Section 36 of the Code on Wages, 2019, what is the purpose of carrying forward excess allocable surplus or minimum bonus to the succeeding...
An assault on the President is__________
In what manner will the abettor be punished, if the act committed is different that what abettor intended?
