Credit sales/Average accounts receivables 16,00,000 / 2,30,000 =6.96 times Credit sales = 40,00,000(total sales) * 40% =16,00,000 Average accounts receivables = 1,20,000 (opening debtors) + 3,40,000 (Closing debtors) / 2 = 230,000
The interest earned when a sum is invested at simple interest of 20% p.a., for 3 years, is Rs. 1500. What will be the total amount received after 2 year...
Some amount out of Rs. 24000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 5 years the total interest from both the amou...
Compound interest on a certain sum of money for 2 years is Rs.2280 while the simple interest on the same sum for the same time period is Rs.2000. Find t...
Pawan distributed his investment as follows: 25% of the total at an annual interest rate of 6%, 1/15th of the total at 8% per yea...
A certain amount of money at simple interest amounts to ₹1,404 in 2 years and to ₹1,560 in 5 years. What is the rate of simple interest per annum an...
Rs. 8000 is invested in scheme ‘A’ for 3 years and Rs. 4000 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 6% p...
An investment of Rs. 9,600 at an annual interest rate of 'R' percent for three years yields a simple interest of Rs. 5,760. Calculate the compound inter...
A person invests ₹8000 in a scheme offering 5% simple interest per annum. After 2 years, the total amount becomes ₹8800. How much interest is earned...
A man invested Rs. 20,000 at simple interest of 10% p.a. If he had instead invested the same sum on compound interest of 10% p.a., compounded annually, ...
The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 25% p.a. for 2 years, is Rs. 150. If...
