Mr. Salman invested Rs. 20,000 on January 1, and at the beginning of each subsequent year invested Rs. 500 for 8 years. What total amount would he receive after 8 years if the investment earns at the rate 6% compouded semi- annually.
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Answer:
A state-owned enterprise in India is called a public sector undertaking (PSU) or a public sector enterprise. Those companies that are owned by the union government of India or one of the many state or territorial governments or both. The company stock needs to be majority owned by the government to be a PSU. PSUs strictly may be classified as central public sector enterprises (CPSUS, CPSES) or state level public enterprises (SLPES). In 1951 there were just five enterprises in the public sector in India, but in March 2019 this had increased to 348. [1] These enterprises represents total investment of 16,40, 628 cr as on 31st March, 2019. Total paid up capital as on 31 March, 2019 stands at 2,75,697. CPSE's have earned revenue of 25,43,370 during financial year 2018-19.