If 20% interest on the Investment appearing in the Receipts side of the receipt and payments accounts is Rs 5000, then the value of the investment will be:
Options:
₹10000
₹25000
₹50000
None of these
Correct Answer:
₹25000
Explanation:
Interest = 5000 Investment x (rate of interest/100) = Interest on investment Investment = Interest on investment X (100/Rate of interest) = 5000 X (100/20) = ₹25000