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To "cast out nines" from a single number, its decimal digits can be simply added together to obtain its so-called digit sum. The digit sum of 2946, for example is 2 + 9 + 4 + 6 = 21. Since 21 = 2946 − 325 × 9, the effect of taking the digit sum of 2946 is to "cast out" 325 lots of 9 from it. If the digit 9 is ignored when summing the digits ...
Time value of money. The present value of $1,000, 100 years into the future. Curves represent constant discount rates of 2%, 3%, 5%, and 7%. The time value of money is the widely accepted conjecture that there is greater benefit to receiving a sum of money now rather than an identical sum later. It may be seen as an implication of the later ...
In discount cash flow analysis, all future cash flows are estimated and discounted by using cost of capital to give their present values (PVs). The sum of all future cash flows, both incoming and outgoing, is the net present value (NPV), which is taken as the value of the cash flows in question; [ 2 ] see aside.
The discount, or charge, is the difference between the original amount owed in the present and the amount that has to be paid in the future to settle the debt. [1] The discount is usually associated with a discount rate, which is also called the discount yield. [1] [2] [4] The discount yield is the proportional share of the initial amount owed ...
The Indian numbering system corresponds to the Western system for the zeroth through fourth powers of ten: one (10 0 ), ten (10 1 ), one hundred (10 2 ), one thousand (10 3 ), and ten thousand (10 4 ). For higher powers of ten, the names no longer correspond. In the ancient Indian system still in use in regional languages of India, there are ...
RBI. Design date. 2011. The Indian 2-rupee coin is a denomination of the Indian rupee. The 2 rupee coin was introduced in India in 1982. Until then, the Rs.2 was in circulation in banknotes. The old Rs.2 coin was minted with cupro-nickel metal. The new Rs.2 coin was minted in ferritic stainless steel .
The Indian 5-rupee note ( ₹5) is the second smallest Indian note in circulation. The Reserve Bank of India introduced the 5 rupee banknote as part of the Mahatma Gandhi Series in 1996. [ 1] The printing of notes in the denominations of ₹5, however, has been discontinued [citation needed] as these denominations have been coinised but still ...
Obverse. Design. King George. Design date. 1943 and 1980. Reverse. The Indian 2-rupee note ( ₹2) was a denomination of Rupee introduced in 1943. It is the second smallest note ever printed in India. It was removed from circulation in 1995.