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On 1-7-2017 Ramesh Chauhan had 8% Government securities of Rs.100000 and it's capital value was Rs. 99250.on on 1-8-2017 he purchase the other security of rupees 30000 at 101% cum interest of this, on one 1-11-2017, he sold securities of rupees 40000 ex- interest on 31-3-2018, he would have securities of capital value of:?
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On 1-7-2017 Ramesh Chauhan had 8% Government securities of Rs.100000 a...
Initial Investment
On 1-7-2017, Ramesh Chauhan had 8% Government securities worth Rs.100,000. The capital value of these securities was Rs.99,250.
Purchase of Additional Securities
On 1-8-2017, Ramesh Chauhan purchased additional securities worth Rs.30,000. These securities were bought at 101% cum interest.
Sale of Securities
On 1-11-2017, Ramesh Chauhan sold securities worth Rs.40,000 ex-interest.
Calculation of Capital Value on 31-3-2018
To calculate the capital value of the securities on 31-3-2018, we need to consider the interest earned on the securities.
Interest Calculation
Since the interest rate on the government securities is not mentioned, we will assume it to be the same as the initial securities, i.e., 8%.
Interest on Initial Securities
Interest on the initial securities of Rs.100,000 at 8% would be:
Interest = Principal * Rate * Time
Interest = 100,000 * 8% * 1 year
Interest = Rs.8,000
Interest on Additional Securities
Interest on the additional securities of Rs.30,000 at 8% would be:
Interest = Principal * Rate * Time
Interest = 30,000 * 8% * 0.5 years (as half a year has passed since the purchase)
Interest = Rs.1,200
Total Interest Earned
The total interest earned by Ramesh Chauhan would be the sum of interest earned on the initial securities and the additional securities:
Total Interest = Rs.8,000 + Rs.1,200
Total Interest = Rs.9,200
Capital Value on 31-3-2018
The capital value on 31-3-2018 would be the sum of the initial capital value, the purchase of additional securities, and the interest earned:
Capital Value = Initial Capital Value + Purchase of Additional Securities + Total Interest Earned
Capital Value = Rs.99,250 + Rs.30,000 + Rs.9,200
Capital Value = Rs.138,450
Therefore, on 31-3-2018, Ramesh Chauhan would have securities with a capital value of Rs.138,450.
On 1-7-2017, Ramesh Chauhan had 8% Government securities worth Rs.100,000. The capital value of these securities was Rs.99,250.
Purchase of Additional Securities
On 1-8-2017, Ramesh Chauhan purchased additional securities worth Rs.30,000. These securities were bought at 101% cum interest.
Sale of Securities
On 1-11-2017, Ramesh Chauhan sold securities worth Rs.40,000 ex-interest.
Calculation of Capital Value on 31-3-2018
To calculate the capital value of the securities on 31-3-2018, we need to consider the interest earned on the securities.
Interest Calculation
Since the interest rate on the government securities is not mentioned, we will assume it to be the same as the initial securities, i.e., 8%.
Interest on Initial Securities
Interest on the initial securities of Rs.100,000 at 8% would be:
Interest = Principal * Rate * Time
Interest = 100,000 * 8% * 1 year
Interest = Rs.8,000
Interest on Additional Securities
Interest on the additional securities of Rs.30,000 at 8% would be:
Interest = Principal * Rate * Time
Interest = 30,000 * 8% * 0.5 years (as half a year has passed since the purchase)
Interest = Rs.1,200
Total Interest Earned
The total interest earned by Ramesh Chauhan would be the sum of interest earned on the initial securities and the additional securities:
Total Interest = Rs.8,000 + Rs.1,200
Total Interest = Rs.9,200
Capital Value on 31-3-2018
The capital value on 31-3-2018 would be the sum of the initial capital value, the purchase of additional securities, and the interest earned:
Capital Value = Initial Capital Value + Purchase of Additional Securities + Total Interest Earned
Capital Value = Rs.99,250 + Rs.30,000 + Rs.9,200
Capital Value = Rs.138,450
Therefore, on 31-3-2018, Ramesh Chauhan would have securities with a capital value of Rs.138,450.
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On 1-7-2017 Ramesh Chauhan had 8% Government securities of Rs.100000 and it's capital value was Rs. 99250.on on 1-8-2017 he purchase the other security of rupees 30000 at 101% cum interest of this, on one 1-11-2017, he sold securities of rupees 40000 ex- interest on 31-3-2018, he would have securities of capital value of:?
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On 1-7-2017 Ramesh Chauhan had 8% Government securities of Rs.100000 and it's capital value was Rs. 99250.on on 1-8-2017 he purchase the other security of rupees 30000 at 101% cum interest of this, on one 1-11-2017, he sold securities of rupees 40000 ex- interest on 31-3-2018, he would have securities of capital value of:? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about On 1-7-2017 Ramesh Chauhan had 8% Government securities of Rs.100000 and it's capital value was Rs. 99250.on on 1-8-2017 he purchase the other security of rupees 30000 at 101% cum interest of this, on one 1-11-2017, he sold securities of rupees 40000 ex- interest on 31-3-2018, he would have securities of capital value of:? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 1-7-2017 Ramesh Chauhan had 8% Government securities of Rs.100000 and it's capital value was Rs. 99250.on on 1-8-2017 he purchase the other security of rupees 30000 at 101% cum interest of this, on one 1-11-2017, he sold securities of rupees 40000 ex- interest on 31-3-2018, he would have securities of capital value of:?.
On 1-7-2017 Ramesh Chauhan had 8% Government securities of Rs.100000 and it's capital value was Rs. 99250.on on 1-8-2017 he purchase the other security of rupees 30000 at 101% cum interest of this, on one 1-11-2017, he sold securities of rupees 40000 ex- interest on 31-3-2018, he would have securities of capital value of:? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about On 1-7-2017 Ramesh Chauhan had 8% Government securities of Rs.100000 and it's capital value was Rs. 99250.on on 1-8-2017 he purchase the other security of rupees 30000 at 101% cum interest of this, on one 1-11-2017, he sold securities of rupees 40000 ex- interest on 31-3-2018, he would have securities of capital value of:? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 1-7-2017 Ramesh Chauhan had 8% Government securities of Rs.100000 and it's capital value was Rs. 99250.on on 1-8-2017 he purchase the other security of rupees 30000 at 101% cum interest of this, on one 1-11-2017, he sold securities of rupees 40000 ex- interest on 31-3-2018, he would have securities of capital value of:?.
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