Question
A and B started a business with initial investments of
Rs. 30000 and Rs. 40000 respectively. After one year, a profit of Rs. 8000 is earned. A being a working partner gets 23% of the profit for managing the business and rest of the profit is shared between them in the ratio of their investments. A invested his whole profit in a scheme offering 10% compound interest compounded annually. Find the interest earned by A after 2 years.Solution
The ratio of their investments = 30000:40000 = 3:4 Profit share of A for being a working partner = 0.23 times; 8000= Rs. 1840 Profit share of A for his investment = 3/7 times; 0.77 times; 8000 = Rs. 2640 Total profit of A = Rs. 2640 Compound interest earned by A = 4480{(1 + 0.10)2ndash; 1} = Rs. 940.8
According to the Exim Bank the directors and the members of a Committee shall be paid such fees and allowances as may be prescribed for_____
For divorce by mutual consent, the petition can be moved to the court if they have been living separately for a period of
A transfer of property in completion of an exchange can be made only in the manner provided for the transfer of such property:
A re-examination of a case for lack of jurisdiction made by a higher court is?
Which of the following is correct with respect to the award made by a Lok Adalat?
As per S.5 of the Indian Evidence Act, 1872 evidence can be given of the_________.
What methods have been mentioned in the Minimum Wages Act, 1948 for fixation and revision of minimum wages ?
Art.13 is not applicable to?
By which of the following way Muslim marriage can be dissolved by a Muslim husband ?
According to the Insurance Act what is the prescribed duration for the Executive Committee of the Life Insurance Council or the General Insurance Council?
Relevant for Exams:
