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A Cash Book serves as both a journal and a ledger because it records all cash transactions (both receipts and payments) in chronological order, similar to a journal. Additionally, it also acts as a ledger since it maintains a running balance of cash on hand or in the bank, which is a ledger-like function. This dual role makes the Cash Book a unique accounting record.
A sofa of MRP 1500 is available in Rs.300 cash down payment and 9 monthly equal installment of Rs.150 each. Find the rate of interest per annum.
A person invested ₹15,000 at a simple interest rate of 20% per annum. Had the amount been invested at a compound interest rate of 20% per annum, compo...
A certain amount earns simple interest of Rs. 1420 after 4 years. Had the interest been 5% more, how much more interest would it have earned?
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...
A certain sum of money becomes 6000 in 6 years and Rs. 6240 in 10 years at any certain rate of simple interest. Find the principal amount.
Rs. 6500 is invested in scheme ‘A’ for 2 years and Rs. 6500 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 14% ...
Mandeep took a loan of Rs. 7,300 from his friend Sandeep on 16th March. The loan accrues simple interest at an annual rate of 20%. Calculate the total a...
If an investment of Rs. 5,120 grows to Rs. 6,480 in two years when compounded annually at an interest rate of 'R%' per annum, calculate the value of 'R'.
A sum of ₹12,000 is invested for 3 years at a certain rate of simple interest. If the same sum was invested at the same rate for 2 years under compoun...
The simple interest accrued in five years on a principal of Rs. 50,000 is one – tenth of the principal. What is the rate of simple interest pa?