Question
The National Energy Conservation Day is observed on
Solution
President Ram Nath Kovind as the Chief Guest. The Energy Conservation Day is organized on 14th December each year by Bureau of Energy Efficiency (BEE), under Ministry of Power. It aims to demonstrate India’s achievements in energy efficiency and conservation. National Energy Conservation Awards will be distributed on this day. Â
If Rs. 15000 is invested at 14% per annum, compounded yearly, calculate the interest earned in one year.
Simple interest on a sum at 12% p.a. for 3 years is ₹2160. Find the compound interest on the same sum at 10% p.a. for 2 years.
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