Bank Exams Questions

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Given that mill worth originally =3ooooo

Depreciation for 1 yr =300000x5/100= Rs. 15000

Then, depreciation for 5yrs = Rs. 75000

Value after 5yrs = 300000 - 75000 = Rs. 225000

Given Selling Price of the mill = Rs. 250000

Sp > CP

Gain = 250000 - 225000 = Rs. 25000

Gain% = 25000/250000 x 100 = 10%.

Geothermal power plants are used in order to generate electricity by the use of geothermal energy (the Earth's internal thermal energy). They essentially work the same as a coal or nuclear power plant, the main difference being the heat source.

Geothermal power plants use hydrothermal resources that have both water (hydro) and heat (thermal). Geothermal power plants require high-temperature (300°F to 700°F) hydrothermal resources that come from either dry steam wells or from hot water wells.

Many types of renewable energy resources such as wind and solar energy are constantly replenished and will never run out.

6 months after graduating or quitting school when you have to start paying back the loans.

A grace period is one term that’s provided for student loans that allow you to delay payments up to a certain length of time, without penalty. During a grace period no late charges would apply, and the loan would not risk falling into default for missed payments. The grace period allows you time to find financial stability prior to having to make payments on your student loans.

Many students use student loans to help pay for their college expenses, including tuition, books, room and board, and other living expenses. Students are expected to repay these loans when they graduate.