If the Value of work certified is 300000 and the Value of Work uncertified is 100000, and the contractee is paying 180000 to the contractor, then what is the retention ratio?
Usually the full amount amount of Work certified is not paid by the contractee and he may pay a fixed %, say 80% or 90% of the Work Certified – depending on the terms of the contract. This is known as Cash Ratio. The balance amount not paid is known as retention Money. This acts as a type of security for any defective work which may be found in the contract later on.
Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 2500 and Rs...
The simple interest on a sum of money is 9/35 of the sum. If the number of years is numerically 5/7 times of rate percent per annum, then the rate perc...
Some amount out of Rs.12000 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 amoun...
A took a loan of Rs.5410 at simple interest of 15% p.a. and invested the same money in a scheme at simple interest of 25% p.a. Find the profit earned by...
Anjali invested Rs.11000 in a scheme offering compound interest of x% p.a. compounded annually. If at the end of 2 years, interest received by her from ...
If the ratio of the sum invested and simple interest received after 1 year is 25:11 respectively, then find the rate of interest.
Mr. Mathur invested Rs. 40,000 with Bank A for 2 years and Rs. 10,000 with Bank B for 4 years at simple interest and earned Rs. 6,000 as interest. Find ...
A man borrowed Rs 200 and promised to pay back in 11 equal instalments of Rs 20 each. Find the rate of simple interest per annum?
A sum is lent on compound interest for 2 years at 13% p.a. If the compound interest on the sum is Rs.4153.5, find the sum.
The simple interest received on a certain sum is Rs. 4500 less than the sum invested. If the sum was invested at 5% p.a. for 15 years, then find the sim...