Question
Ramesh invested Rs. (x + 200) in Scheme A at a simple
interest rate of 20% p.a. for 2 years, and the interest received is Rs. 800. He then invested Rs. 3x in Scheme B at a rate of R% p.a. (simple interest), and the total amount received from Scheme B after 2 years is Rs. 7020. Find the value of R.Solution
According to the question, For Scheme A, SI = P × R × T / 100 800 = (x + 200) × 20/100 × 2 800 = (x + 200) × 0.4 x + 200 = 800 / 0.4 x + 200 = 2000 x = 1800 For Scheme B, Amount invested = 3x = 3 × 1800 = Rs. 5400 Total amount after 2 years = Rs. 7020 Simple interest from Scheme B = 7020 – 5400 = Rs. 1620 Now use SI formula: 1620 = 5400 × R/100 × 2 1620 = 108R R = 1620 / 108 R = 15%
Which of the following financial services are offered by GIFT City?
1) Banking
2) Insurance
3) Asset Manag...
What will be the net working capital if Current ratio of a concern is 1?
The company has to pay for the warehouse to keep its goods. The warehousing cost will be classified in the company's accounts as ________
Which of the following methods for calculating the Maximum Permissible Bank Finance (MPBF) considers the permanent level of current assets, also known a...
A trader carries an average inventory of Rs. 40,000. His inventory turnover ratio is 8 times. If he sells goods at a profit of 20% on Revenue from oper...
What financial situation does an entity face if it is described as having negative working capital?
Which of the following criteria is/are used to define and categorise MSMEs as per MSMED Act, 2006?
______ measures the sensitivity of an option to change in risk-free rates.
According to sources, what is the value of the investment tied with the trade agreement between India and the four-member European Free Trade Associatio...
The Asset-Liability Management committee (ALCO) deal with different types of ______
