Question
What is the compound interest on a sum of Rs 12,000 for
2(5/8) years at 8% p.a., when the interest is compounded annually? (nearest to a rupee)Solution
Interest rate for first 2 years = 8% Interest rate for 5/8 years = (5/8) × 8 = 5% P = Rs.12000 According To question, =>A = P (1 + R/100)3 => A = 12000 × (108/100) × (108/100) × (105/100) => A = Rs.14697 Therefore, CI = 14697 – 12000 = Rs.2697
Which bank have been adjudged 'Most Innovative Best Practice' for financial inclusion at the CII Digital Transformation Award 2021?
Which Indian actor was appointed as Thailand's Brand Ambassador and Honorary Tourism Advisor?
Francois Bayrou has recently been appointed as the new Prime Minister of which country?Â
Who wrote the major revolutionary publication 'Pather Dabi'?
What is the main objective of the recently $23 million loan agreement between India and the Asian Development Bank (ADB)?
Which of the following Airports of India has recently been the first in India to run entirely on Solar and Hydro Energy?
Former cricketer Ajay Jadeja was recently declared heir to which royal throne?
In March 2022, Katalin Novak was elected as the first-ever female _____________ of Hungary.
What is the objective of India's First Lighthouse Festival, inaugurated by Sarbananda Sonowal?
Who is the new ambassador from India to Saudi Arabia?