Question
Determine the difference between
the compound interest and the simple interest earned by Vinay, given that he lent Rs. 64,000 at an interest rate of 10% for 3 years under both interest types.Solution
ATQ, Compound Interest earned by the man = 64000 × {(1 + 10/100)3 – 1} = Rs. 21184 Simple Interest earned by the man = (64000 × 10 × 3)/100 = Rs. 19200 So, required difference = 21184 – 19200 = Rs.1984
How do you prefer to receive feedback?
How do you approach decision-making?
In social circumstances, how frequently do you feel uneasy or nervous?
How often do you find yourself feeling envious of others' successes or accomplishments?
Are you more of an optimist or a pessimist?
How often do you prefer to be alone rather than in a social setting?
How often do you enjoy trying new foods or experiences?
How would you describe your approach to problem-solving?
How important is it for you to have a sense of control?
How frequently do you feel satisfied with your present situation and the circumstances at hand?
Â
Relevant for Exams:
