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.
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.