Interest for 4 years = ₹6,400 - ₹5,600 = ₹800. So, interest per year = ₹800 / 4 = ₹200. Principal = ₹5,600 - (4 × ₹200) = ₹4,800. Rate of interest = (200 / 4800) × 100 = 4.2%.(approx) Answer: b) 4.2%
Which department or role is typically responsible for maintaining bin card?
What is the term of office of the Chairman and Members of the IFSCA?
The 15th Finance Commission in India has recommended a significant increase in the share of tax revenues allocated to state governments. This is aimed a...
Which of the following statement with respect to Risk weight for banks is correct?
I. Th...
Depreciation is charged as per which principle?
A bank listing its Additional Tier 1 (AT1) bonds on an international financial services center (IFSC) is primarily doing so to:
Depreciation is charged on __________ as per the ___________ of accounting.
Using the following data, calculate the Economic Order Quantity (EOQ):
Monthly consumption: 4000 kg
Cost per kg of raw materials: ₹2
...Ayush bought a futures contract at Rs 120. If, the initial margin is 40% and maintenance margin is 25%, at what price the margin call will be initiated ...
When a company issues shares to the public, it must meet certain regulatory requirements before proceeding with the allotment of these shares. One such ...
