Shrivastava invests Rs. 800 for 2 years at the certain rate of simple interest. After 2...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Shrivastava invests Rs. 800 for 2 years at the certain rate of simple interest. After 2 years his invested sum becomes Rs. 1,008. Find out the rate of interest per annum? 1. 9% р.a. 2. 10% р.a 3. 12% p.a. 4. 13% р.а. None of these 5. Shrivastava invests Rs. 800 for 2 years at the certain rate of simple interest. After 2 years his invested sum becomes Rs. 1,008. Find out the rate of interest per annum? 1. 9% р.a. 2. 10% р.a 3. 12% p.a. 4. 13% р.а. None of these 5.
Expert Answer:
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Posted Date:
Students also viewed these mathematics questions
-
An engineer calculated the AW values shown for retaining a presently owned machine additional years. A challenger has an ESL of 7 years with AW = $-26,000 per year. Assuming all future costs remain...
-
Find the rate of simple interest on a $1,200 loan that requires the borrower to repay a total of $ 1,302 after one year.
-
If you borrow $1600 for 2 years at 14% annual simple interest, how much must you repay at the end of the 2 years?
-
Addison, Inc. makes a single product, an indoor fireplace. Data for last year is as follows: Selling price per fireplace Manufacturing costs: Variable per unit produced: Direct materials Direct labor...
-
Define and give at least two examples of the cost leadership competitive strategy and the differentiation competitive strategy.
-
A hiker on the Appalachian Trail planned to increase the distance covered by 15% each day. After 7 days, the total distance traveled is 66.387 miles. Part A: How many miles did the hiker travel on...
-
Find the natural frequencies of the stepped bar shown in Fig. 12.38 with the following data using consistent- and lumped-mass matrices: \(A_{1}=0.001 \mathrm{~m}^{2}, A_{2}=0.0006 \mathrm{~m}^{2}\),...
-
The following transactions are for Masland Company. 1. On December 3, Masland Company sold $500,000 of merchandise to Parker Co., terms 1/10, n/30. The cost of the merchandise sold was $330,000. 2....
-
Go into depth about the topic: Do women in the workplace still have to tolerate sexual harassment to advance or maintain their job positions? Why or why not? THE SCENARIO: You are human resource...
-
You talk to Sally about getting paid for the work you're doing. You suggest $25 an hour and she agrees. You are only doing this temporarily since you have some extra time so you set yourself up as a...
-
When the proposed dividend exceeds 20% of paid up capital, percentage of profit transferred to general reserve is A B 2.5% D 5% C 7.5% 10%
-
Lamas Company, Inc., was incorporated in Georgia. Baldwin negotiated with Lamas, sole owner of Lamas Company, Inc., to finish some electrical work on a construction site. When Baldwin was...
-
A "soft x-ray" photon with an energy of \(41.8 \mathrm{eV}\) is absorbed by a hydrogen atom in its ground state, knocking the atom's electron out. What is the speed of the electron as it leaves the...
-
Describe the force on the charged particles after they enter the magnetic fields shown in Figure Q24.16. (a) Copyri FIGURE Q24.16 (b) 111
-
Identify the element for each of these electron configurations. Then determine whether this configuration is the ground state or an excited state. a. \(1 s^{2} 2 s^{2} 2 p^{6} 3 s^{2} 3 p^{6} 4 s^{2}...
-
A proton moves in a region of uniform magnetic field, as shown in Figure Q24.23. The velocity at one instant is shown. Will the subsequent motion be a clockwise or counterclockwise orbit? FIGURE...
-
Beyond the Z Score there are several other ratios/benchmarks that almost always begin to get worse as you move closer to failing. What are some of these tell-tale ratios? A/R Turnover, Inventory...
-
How can a promoter avoid personal liability for pre-incorporation contracts?
-
Either of these two formulas, P = 2l + 2w or P = 2(l + w), can be used to find the perimeter of a rectangle. Explain way?
-
MAK, Inc., accepted an interest-bearing note for $10,000 with 9% annual ordinary interest. The note was made on April 10 and was due December 6. MAK needed cash and took the note to First United...
-
Carolyn Smith borrowed $6,300 at 8 % for three years compounded annually. What is the compound amount of the loan and how much interest will she pay on the loan?
-
Has transactional selling gone the way of the dinosaur? That is, are there ever any situations in which a transactional approach to selling would be an appropriate approach today? If so, what are...
-
When a firm shifts from transactional selling to a value-added approach, a number of changes have to take place in the way a salesperson approaches customers as well as his or her own job. List as...
-
Why is it important to talk about selling solutions instead of products or services? How does selling solutions further the success of a relationship-selling approach?
Study smarter with the SolutionInn App