Question: What will be the simple interest earned on an amount of Rs. 4,800 at 8.5 p.c.p.a., at the end of 2 years 3 months?

What will be the simple interest earned on an amount of Rs.

What will be the simple interest earned on an amount of Rs. 4,800 at 8.5 p.c.p.a., at the end of 2 years 3 months? 1. Rs. 711.0 2. Rs. 898.2 3. Rs. 799.0 4. Rs. 805.4 Rs. 918.0 5.

Step by Step Solution

★★★★★

3.29 Rating (149 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Solution 5 Let the simple interest be Rs X Princip... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

What will be the total interest earned on a 6%, $2,000 note receivable that is due in nine months?

What will be the amount accumulated by each of these present investments? (a) $7,000 in 5 years at 6% compounded annually (b) $3,250 in 15 years at 5% compounded annually (c) $ 18,000 in 33 years at...

What will be the 13C frequency setting of an NMR spectrometer that operates at 100 MHz for protons?

Tina DeLeon deposited $2,500 today in an account paying 6 percent interest annually. What would be the simple interest earned on this investment in five years? With annual compounding, how much...

Trish Harris has deposited $2500 today in an account paying 6 per cent interest annually. What would be the simple interest earned on this investment in five years? If the account paid compound...

What will be the ratio of simple interest earned by certain amount at the same rate of interest for 6 years and that for 9 years? (a) 1:3 (b) 1:4 (c) 2:3 (d) Data inadequate

Imagine you are a financial advisor for a client looking to invest $750,000 in bonds.The following bonuses are considered: Company Interest rate Years until expiration Classification acme chemistry...

Calculate the future value of the single cash flow deposited today that will be available at the end of the deposit period if the interest is compoundedannually, at the rate specified over the given...

1. Visit Dave Ramsey's Investing Calculator (opens new window) (plain text link: https://www.daveramsey.com/smartvestor/investment-calculator?snid=tools.investingcalc) to calculate the power of...

Question Ask a new Question Question 11 Ishan and Hazel plan to retire at age 60 with a retirement income of $48,000 a year from their savings.Rather than pay themselves the whole amount at the...

Suppose that certain operatin expenditures were expected to be (0) at the end of the first 3 months, $1000 at the end of the secomed 3 months , and to increase by $1000 at the end of each 3 months...

You have been hired as a consultant by a parts manufacturing firm to provide advice as to the proper accounting methods the company should use in some key areas. In the area of receivables, the...

Find d y d x , if y = ( 3 x 2 3 x - 3 ) 3 d y d x =

A torsion-bar spring consists of a prismatic bar, usually of round cross section, that is twisted at one end and held fast at the other to form a stiff spring. An engineer needs a stiffer one than...

Attenuator Chains and Axons The infinite network of resistors shown in Fig. is known as an attenuator chain, since this chain of resistors causes the potential difference between the upper and lower...

An air capacitor is made from two flat parallel plates 1.50 mm apart. The magnitude of charge on each plate is 0.0180C when the potential difference is 200 V. (a) What is the capacitance? (b) What is...

An example of the Coriolis effect supposes air resistance is negligible for a golf ball. A golfer tees off from a location precisely at i = 35.0 north latitude. He hits the ball due south, with range...

A 5.00-pF, parallel-plate, air-filled capacitor with circular plates is to be used in a circuit in which it will be subjected to potentials of up to 1.00 X 102 V. The electric field between the...

how to answer this question Do you have other experience, training, qualifications, or skills which you feel make you especially suited for working at San Jose Water Company? If yes, please list...

PowerPoint Assignment for BUS 401: Principles of Finance You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value...

Complete the following problems from Chapter 12 in Financial Management: Theory and Practice : Chapter 12: Topics: Additional Funds Needed, Forecasted Statements and Ratios, Financing Deficits...

I need, I am working on GENERAL ELECTRIC AND UNITED TECHNOLOGIES CORP, I need help GE and UTC Financial Statements Forecast for the next 5 year using the attachment. Throughout this course you will...

14. [-/4 Points] DETAILS HARMATHAP12 1.6.040. Complete the problem by using the accompanying gure, which shows a supply function and a demand function. (Assume price is measured in dollars.) p 40 30...

I've attached the question as a word file, thanks! c04AccrualAccountingConcepts.qxd 8/3/10 1:50 PM Page 162 chapter 4 ACCRUAL ACCOUNTING CONCEPTS the navigator Scan Study Objectives Read Feature...

I've attached the questions as a word file. Thanks! c04AccrualAccountingConcepts.qxd 8/3/10 1:50 PM Page 162 chapter 4 ACCRUAL ACCOUNTING CONCEPTS the navigator Scan Study Objectives Read Feature...