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Question1. Answer
a. By law, 1/11th of Basic Salary per month is contributed by the company to the gratuity fund to the account of the employee thus there is a saving of 1/11th of basic salary on the behalf of the employee in gratuity fund.
Total savings to the employee in Gratuity Fund=(1/11)*25000=2272.73 Rs.
b.
Amount of House Rent Allowance= 25000*45%=11250 Rs.
Amount of Conveyance Allowance=25000*2.5%=625 Rs.
Amount of Utilities Allowance=25000*2.5%=625 Rs
Question2. Answer.
Given that
Cash flow per period= C =Rs.15000 per month
Interest Rate= i = 8%/12 =0.08/12= 0.00667
Present Value= PV= ?
We know that
PV=C*[{1(1+i)^(n)}/i]
PV=15000*[{1(1+0.00667)^(72)}/0.00667]
PV=15000*[{1(1.00667)^(72)}/0.00667]
PV=15000*[{10.61977}/0.00667]
PV=15000*[0.38023/0.00667]
PV=15000*[57.006]
PV=855090.287 Rs.
Question 02 Answer:
Compound Interest
Let us suppose we have 100 rupees the increment for the two years is as follows
1).at the end of first year the interest is 20%
2). at the end of second year the interest is 30% of the first year amount
So after addition of 20% interest at the end of first year we have 120 rupees and
at the end of second year we have 30*120/100+120=156 rupees.
i.e. the compound interest is nothing but accumulated interested amount
Formula for calculating compound interest:
Where,
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Salary
Rates
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P = principal amount (initial investment)
r = annual nominal interest rate (as a decimal)
k = number of times the interest is compounded per year
t = number of years
A = amount after time t
Your Answer to 2nd question is Wrong
Question # 1:
Solution:
A. By law, 1/11th of Basic Salary per month is contributed by the company to the gratuity fund to the account of the employee thus there is a saving of 1/11th of basic salary on the behalf of the employee in gratuity fund.
Total savings of the employee in Gratuity Fund = (1/11) x Rs. 25,000 = Rs. 2,272.73/
B. Amount of House Rent Allowance = Rs. 25,000 x 45% = Rs. 11,250/
Amount of Conveyance Allowance = Rs. 25,000 x 2.5% = Rs. 625/
Amount of Utilities Allowance = Rs. 25,000 x 2.5% = Rs. 625/
Question # 2:
Solution:
Given that:
Cash flow per period = C = Rs.15,000 /month
Interest Rate = i = 8%/12 = 0.08/12 = 0.00667
Period of Time = n = 6 Years = 72 Months
Present Value = PV = ?
We know that:
PV = C x [{1(1+i)^(n)}/i]
PV = Rs. 15,000 x [{1(1+0.00667)^(72)}/0.00667]
PV = Rs. 15,000 x [{1(1.00667)^(72)}/0.00667]
PV = Rs. 15,000 x [{10.61977}/0.00667]
PV = Rs. 15,000 x [0.38023/0.00667]
PV = Rs. 15,000 x [57.006]
PV = Rs. 855,090.287/
GDB k result aana k bd sub must post karna plz apna apna answer........
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