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Ram’s acceptance to Din for Rs. 8,000 renewed at 3 months on the condition that Rs. 4,000 be paid in cash immediately and the remaining amount will carry interest @ 12% p.a. The amount of interest will be:
  • a)
    Rs.120
  • b)
    Rs.80
  • c)
    Rs.90
  • d)
    Rs.160
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Ram’s acceptance to Din for Rs. 8,000 renewed at 3 months on the...
Ram can refer to several things:

1. Ram (animal): A male sheep.
2. RAM (computer): Random Access Memory, a type of computer memory that stores information temporarily.
3. RAM (vehicle): A type of truck made by Dodge.
4. Ram (mythology): In Hindu mythology, Ram is the seventh avatar of the god Vishnu.
5. Ram (name): A common given name for boys in some parts of the world.
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Community Answer
Ram’s acceptance to Din for Rs. 8,000 renewed at 3 months on the...
Out of 8000
rs.4000 is paid in cash remaining is rs.4000
4000*12%*3/12=120
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Ram’s acceptance to Din for Rs. 8,000 renewed at 3 months on the condition that Rs. 4,000 be paid in cash immediately and the remaining amount will carry interest @ 12% p.a. The amount of interest will be:a)Rs.120b)Rs.80c)Rs.90d)Rs.160Correct answer is option 'A'. Can you explain this answer?
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Ram’s acceptance to Din for Rs. 8,000 renewed at 3 months on the condition that Rs. 4,000 be paid in cash immediately and the remaining amount will carry interest @ 12% p.a. The amount of interest will be:a)Rs.120b)Rs.80c)Rs.90d)Rs.160Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Ram’s acceptance to Din for Rs. 8,000 renewed at 3 months on the condition that Rs. 4,000 be paid in cash immediately and the remaining amount will carry interest @ 12% p.a. The amount of interest will be:a)Rs.120b)Rs.80c)Rs.90d)Rs.160Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ram’s acceptance to Din for Rs. 8,000 renewed at 3 months on the condition that Rs. 4,000 be paid in cash immediately and the remaining amount will carry interest @ 12% p.a. The amount of interest will be:a)Rs.120b)Rs.80c)Rs.90d)Rs.160Correct answer is option 'A'. Can you explain this answer?.
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