A principal of ₹10000 is invested at a compound interest rate of 12% per annum compounded quarterly. What will be the amount after 1/2 year?
Quarterly rate = Annual rate / 4 = 12/4 = 3% Number of quarters in 1/2 year = 2 Amount = Principal * (1 + Rate/100)Time Amount = 10000 * (1 + 3/100)² = 10,609 Answer: (B)
Which of the following risk is the bank facing when an individual is unable to pay back the overdraft taken by him?
What is a Credit Rating Agency (CRA)?
What is the role of reinsurance companies in the Indian insurance market?
In cost accounting, there are various methods used to assign costs to different segments of a business. The allotment of whole items of cost to cost cen...
As per the revised MSME definition, what is the limit for investment in plant and machinery or equipment and turnover ______ to define a small Industries?
Which of the following is a common method of buying bullion?
1) Purchasing bullion from a pawn shop.
2) Investing in a bullion-backed exch...
Consider the following statements regarding economic survey 2022-23:
1. Reserve Bank of India publishes two Housing Price Indices with F...
Significant initiatives have been introduced under Aatmanirbhar Bharat and Make in India programmes to enhance India’s manufacturing capabilities and...
Until when does the term of the auditorship of the first auditor extend from the date of appointment?
What will be the bond’s duration if the price of the bond fell by 5% as a result of 0.4% rise in the market yield?
