The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 25% p.a. for 2 years, is Rs. 100. If Rs. (P + 1600) is invested at the same rate p.a., then find the compound interest, compounded annually earned after 3 years.
Using formula Difference = Sum(R/100)2 Or, 100 = P(25/100)2 Or, 100 = P(625/10000) Or, 0.0625P = 100 Or, P = 1600 Sum that is invested on compound interest = 1600 + 1600 = Rs. 3200 Compound interest = 3200(1 + 25/100)3 – 3200 = 3200 × (5/4) × (5/4) × (5/4) – 3200 = 6250 – 3200 = Rs. 3050
Who among the following assesses is NOT liable to pay advance tax?
Purchase of a laptop for office use wrongly debited to Purchase Account. It is an error of
What types of products and services can be procured through GeM?
The term ‘ Previous year’ is defined under which section of Income Tax Act?
Which major factor led to high levels of debt among Indian telecom operators?
Which of the following is not a mandatory financial statement of a General Insurance Company as per IRDA regulations?
The main object of the audit of the cash book may be ________.
Which Income Computation and Disclosure Standard (ICDS) deals with "The Effects of Changes in Foreign Exchange Rates"?
Which of the following is not a type of buyer on the GeM?
Which of the following transactions is capital expenditure?
