Question
A sum of Rs.100 is lent to be returned in 110 months
installments of Rs.10 each, interest simple. The rate of interest is: -Solution
Net Interest = 110 - 100 = Rs. 10 10 = (100 + 90 +…..10) x R x 10/(12 x 100) 1= 550 x R/1200 R = 1200/550 = 2.18 %
The Minimum Alternate Tax (MAT) is proposed to be made a "final tax" from April 1, 2026. What is the proposed new rate?
Who is the new first black President of Harvard University who will be leading the university?
Who led the Indian delegation during the inaugural meeting of the India-US Strategic Trade Dialogue (IUSSTD)?
Kaivalya Vohra (21) and Aadit Palicha (22) secured the leading positions in the Hurun India Top 100 Under 30 List 2023. What is the name of the company ...
How many Farmers' Producer Companies (FPCs) were established in Nagaland to promote organic farming?
Pramerica Life Insurance Limited has recently appointed whom as its new Managing Director?
To safeguard clients’ funds, SEBI has come out with a framework that requires the upstreaming of all client funds received by stock brokers to clear...
Which bank has launched ‘Iris’ a mobile banking application that hosts services like opening a savings account, applying for a credit card or loan, ...
India celebrated the _____ anniversary of Central Industrial Security Force Raising Day on March 10, 2022.
How many Chinese universities featured in the top 10 of THE Asia University Rankings 2025?
Relevant for Exams:
