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The Payment of Gratuity Act was enacted in 1972 to provide a financial benefit to employees who retire or leave service after completing at least five years with an employer. This act ensures a lump sum payment as a gratitude for their service, aiding their financial stability postemployment.
A man invested Rs. 't' in scheme 'I' offering simple interest at 11% for 7 years and Rs. 2,700 in scheme 'J' offering simple interest at 13% for 6 years...
A sum of money lent at compound interest at the rate of 10% per annum is paid back in three equal instalments of Rs 3,993. Find the sum?
A sum of money, invested for 6 years on 5% per annum simple interest, amounted to ₹169 on maturity. What was the sun invested?
The difference between compound interest and simple interest at rate of 20% per annum for 2 years is Rs. 240. Find the simple interest obtained on same ...
Alisha had Rs. 7500 with her. She invested 20% of the sum at 7% p.a. and the rest at 13% p.a., both at simple interest for 6 years each. Find the total ...
The interest earned on investing Rs. 7000 for 2 years at the rate of 10% p.a., compounded annually, is used to purchase an article. If the article is la...
Anjali invested Rs.9000 in a scheme offering compound interest of x% p.a. compounded annually. If at the end of 2 years, interest received by her from t...
'X' invested Rs. 18,000, splitting the amount between two SIPs: 'P' offering 8% per annum simple interest and 'Q' offering 10% per annum compound intere...
What will be the amount if a sum of Rs. 6500 is placed at compound interest for 3 years while the rate of interest for the first, second and third years...
A and B started a business with initial investments of Rs. 28000 and Rs. 35000 respectively. After one year, a profit of Rs. 10000 is earned. A being a ...
