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1. An investor invested Rs. 5 lakhs in Company Q in 1996. After one year, the entire amount along with the interest was transferred as investment to Company P in 1997 for one year. What amount will be received from Company P, by the investor?





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  • By: guest on 01 Jun 2017 11.13 pm
    Amount received from Company Q after one year on investment of Rs. 5 lakhs in the year 1996 = Rs. [5 + (6.5% of 5)] lakhs = Rs. 5.325 lakhs. Amount received from Company P after one year on investment of Rs. 5.325 lakhs in the year 1997 = Rs. [5.325 + (9% of 5.325)] lakhs = Rs. 5.80425 lakhs = Rs. 5,80,425.
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