Question
Rs. 2500 is invested at 24% p.a. simple interest for 6
years in scheme A. The interest obtained from scheme A is then invested for 2 years at 30% p.a. compound interest, compounded annually in scheme B. Find the interest received from scheme B.Solution
ATQ, Interest received from scheme A = {(2500 × 24 × 6) / 100} = Rs. 3600 Required interest received from scheme B = 3600(1 + 30/100)² – 3600 = 3600(1.3)² – 3600 = 3600(1.69) – 3600 = 6084 – 3600 = Rs. 2484
A bank expanding into agricultural financing to meet regulatory lending norms is primarily responding to:
To encourage local production of corn by Canadian farmers, the Canadian government limits the amount of corn that can be shipped in from the United Stat...
Which of the following statements about the terms used for marketing intermediaries is true?
Breadth of product line refers to ______ a store carries.
Which banking product is intangible?
The sequence of stages a prospective buyer goes through from initial awareness of a product to eventual action (either trial or adoption of the product)...
A dealer is another more imprecise term for each of the following EXCEPT:
If a bank invests in financial literacy programs to improve long-term community welfare along with business growth, it follows:
Which of the following statements about the introduction stage of the product life cycle is NOT true?Â
Changes in the marketing environment are a source of _______ and _______ to be managed.
Relevant for Exams:
