Question
The interest received by investing Rs. 1200 for 2 years
at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple interest of 25% p.a. Find the simple interest received.Solution
Compound Interest received = 1200 × {1 + (20/100)}2 – 1200 = 1200 × (12/10)2 – 1200 = 1728 – 1200 = Rs. 528 Simple interest received = 528 × 3 × 25 ÷ 100 = Rs. 396
In case of mutually exclusive projects and when NPV and IRR giving conflicting results, go for the project having higher IRR
In which of the following state Nag River flow?
राजस्थान के किस जिले में सर्वाधिक लिंगानुपात है ?
Where and when was the Ghadar Party founded?
How many states do the biodiversity-rich Western Ghats span across in India?
The first Football World Cup final was played between:
1. Every year the annual meeting of World Economic Forum is held in Davos. It is a cityin:
Which cities does the first Namo Bharat Rapid Rail connect?
Who is the International Chess Federation (FIDE) Deputy President?
Who will take charge as director of cricket at the National Cricket Academy (NCA) in Bengaluru?
Relevant for Exams:
