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Simple interest = (sum x rate of interest x time period in months ÷ (100 x 12) So, simple interest earned = 50000 x 40 x 42 ÷ (100 x 12) = Rs. 70,000 So, amount after 42 months = 50000 + 70000 = Rs. 1,20,000 Hence, option b.
The point at which the liability to charge tax arises is called as the
Income Tax Act, 1961 came into force on _______.
What is the charging section under CGST Act, 2017
ICDS II deals with which of the following aspect?
Identify correct full forms of ESOP and ESPP.
Calculate the expected rate of return on the entire portfolio, if the risk-free rate is 6% and the expected rate of return on market portfolio is 15%.
Which of the following in not a correct base adopted for apportionment of expenses over each department?
__________ guides how to account for taxes on income.
What is the term used to describe the rate of return earned by an investor who purchases a bond and holds it until it matures?
At the balance sheet date, the balance on the Accumulated Provision for Depreciation Account is
