Question
A man deposited 40% of his salary to a bank which offers
compound interest at the rate of 10% p.a. If the interest earned by him from the bank after 2 years is Rs. 2520, find the monthly expenditure of the man which is 52% of his monthly salary.ÂSolution
Let the amount of money deposited in the bank be Rs. ‘x’. So, x × [(1.1)2 – 1] = 2520 0.21x = 2520, x = 12000 So, monthly income of man = 12000/0.4 = Rs. 30000 Required monthly expenditure of man = 52% of 30000 = Rs. 15600
More ESIC Part B Questions
If P + Q means ‘Q’ is the brother of ‘P’ P – Q means ‘P’ is the mother of ‘Q’ P × Q means ‘P’ is the father of ‘Q’ P ÷ Q mea...
- Anjana and Sunanya are the only daughters of Mahesh. Sunanya’s grandmother is wife of Farhan who is father of Arpita. Arpita has a son Kaalu. How is Farh...
How N related to M?
How is Q related to M?
Who among the following person is the niece of A?
How is J related to I?
How is O related to mother of L?
How is L related to N?
How is K related to J?
Answer the questions based on the information given below.
There are eight family members L, M, N, O, P, Q, R and S having two married couples ...
Relevant for Exams:
