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  • On what sum will the compound interest for 3 years at 5% amount to Rs. 1261? (IFFCO 2022)

    Question: On what sum will the compound interest for 3 years at 5% amount to Rs. 1261? (IFFCO 2022)

    Options:

    Rs. 5 Lakh
    Rs. 10 Lakh
    Rs. 15 Lakh
    Rs. 25 Lakh

    ✅Explanation:
    In India, a micro, small, or medium enterprise (MSME) is classified as a "Tiny Unit" if its investment in plant and machinery does not exceed Rs. 10 lakh.
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