Question
Vishal has certain sum of money with him. He invested 80% of the sum in scheme ‘X’ offering 15% p.a. simple interest for 8 years and received Rs. 3000 as interest. He then invested the amount received from scheme ‘X’ in scheme ‘Y’ for 2 years at 50% p.a., compound interest compounded annually. Find the amount received by Vishal from scheme
B.
Solution
Let, Vishal invested Rs. x in scheme ‘X’ According to the question, {(x × 15 × 8)/100} = 3000 Or, x = 3000/1.2 Or, x = 2500 Total sum Vishal had = 2500/0.8 = Rs. 3125 Amount received from scheme ‘X’ = 2500 + 3000 = Rs. 5500 Amount received from scheme ‘Y’ = 5500(1 + 50/100)2 = Rs. 12375
More ESIC Part B Questions
- Among the following who are eligible to benefit from the “Mahatma Gandhi National Rural Employment Guarantee Act”?
- Which of the following is the decimal value of the binary number 11011?
- A and B stand in a circular ring with 10 other persons. If the arrangement of 12 persons is randomly done, the chance, that there are exactly 3 persons bet...
- Which one of the following is not a consequence of deforestation?
- Which type of liability arises from expenses that have been incurred but not yet paid for?
- The area of the smallest circle which contains a square of area 4 cm2 inside is
- What is the maximum number of grievance redressal committees that can be formed in an industrial establishment?
- Which perspective assumes that Labour-management conflict is inevitable in the workplace?
- The present ages of Shanthi and Keerthi are in the ratio of 7 : 3. After 5 years, Shanthi’s age will be 40. How old will Keerthi be after 5 years?
- From point X, a girl walks 70 m towards the north. Then, she takes a left turn and walks 150 m. Then, she takes a left turn and walks 70 m. Then, she takes...
Relevant for Exams:
