You need Rs. 10,000 to buy a new television. If you have Rs. 6,000 to invest at 5 percent compounded annually, how long will you have to wait to buy the television?

Related Mcqs:

Earning per share is computed as:

A.   ____________Earning After Tax_____________           No of common shares outstanding B.   ____No of common shares outstanding___ Earning after Tax C.  ____Earning before Tax____ Common shares D.   None of Them...

Which of the following set of ratios is used to assess a business’s ability to generate earnings as compared to its expenses and other relevant costs incurred during a specific period of time?

A. Liquidity Ratios B. Leverage Ratios C. Profitability Ratios D. Market Value Ratios...

Which of the following strategy belongs to restrictive policy regarding size of investments in current assets?

A. To maintain a high ratio of current assets to sales B. To maintain a low ratio of current assets to sales C. To less short-term debt and more long-term debt D. To more short-term debt and less long-term debt...

Balance Sheet is based upon which of the following formula?

A. Assets = Liabilities – Stockholder’s equity B. Assets + Liabilities = Stockholder’s equity C. Assets + Stockholder’s equity = Liabilities D. Assets = Liabilities + Stockholder’s equity...

If you have Rs. 850 and you plan to save it for 4 years with an interest rate of 10%, what will be the future value of your savings?

A. Rs. 1,000 B. Rs. 1,244 C. Rs. 1,331 D. Rs. 1,464...