alleryStart learning →A firm pays fixed 5% and receives floating 6.2% on Rs 10 million yearly. Net flow?
AReceives Rs 620,000
BReceives Rs 120,000
CPays Rs 620,000
DPays Rs 120,000
Answer & Solution
Correct answer: B. Receives Rs 120,000
Net is 6.2% - 5% = 1.2% of 10,000,000, which is 120,000 received.
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