Question
A credit purchase of machinery recorded in Purchase
Book instead of Journal Proper is an example of:Solution
The correct answer is C
A sum of ₹20,000 is invested at a compound interest rate of 5% per annum for 4 years. What will be the total amount after 4 years, and what is the tot...
A sum of money at a specific annual simple interest rate grows to Rs. 2900 in 3 years and Rs. 3500 in 5 years. Calculate the inte...
A&B invested their sum in the ratio of 22: 25. Respectively. In two different schemes. Offering simple interest of 15% per annum and compound interest o...
A certain sum of money becomes 3 times of itself in 10 years at simple interest. In how many years does it become double of itself at the same rate of s...
₹2,500, when invested for 8 years at a given rate of simple interest per year, amounted to ₹3,725 on maturity. What was the rate of simple interest...
Rs. 95Y invested for 2 years at simple interest of 16% p.a., yields an interest of Rs. 3040. If Rs. 115Y is invested for 2 years at compound interest (c...
A sum of money, invested for 8 years on 5% per annum simple interest, amounted to ₹287 on maturity.
What was the sun invested in?
Mr. X invested Rs. 900 in two schemes, A and B in the ratio of 7:3, respectively. Scheme A and B are offering simple interest at rate of 14% per annum a...
- A person borrows money from a lender at a 16% p.a. simple interest. If he repaid Rs. 6,960 after 48 months to settle the loan, find the principal amount.
A sum was put at simple interest at a certain rate for 2 years. If it had been put at 4% higher rate, it would have fetched ₹480 more. Find the sum
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