Question
Raj and Simran each invested a sum of ₹10,000 for
three years at 25% compound interest per annum. However, while for Raj the interest was compounded annually, for Simran it was compounded every six months. How much more will Simran receive as interest compared to Raj at the end of the three years?Solution
For Raj (compounded annually): Rate = 25% Time = 3 years A = ₹10,000 (1 + 25/100)3 = 10,000 × (5/4)3 = ₹19,531.25 Interest = A – P =19,531.25-10000 = ₹9,531.25 For Simran (compounded semi-annually): Rate for six months = 25 × 6/12 = 12.5% Time for Simran = 3 × 2 = 6 periods - A = ₹10,000 (1 + 12.5/100) 6 = 10,000 × (9/8)6 = ₹19,987.37 Interest = A – P =19987.37-10000 = ₹9,987.37 Difference in interest = ₹9,987.37 - ₹9,531.25 = ₹456
Which landmark case introduced the Basic Structure Doctrine in the Indian Constitution?
सागरमल गोपा का संबंध किस रियासत से है ?
दुनिया का सबसे व्यस्त समुद्र व्यापार मार्ग है
Which Mughal emperor is associated with the construction of the Peacock Throne?
Intensity of Sound is measured in ________
In the 5G NR wireless technology, what does NR stand for?
Which one of the following is not an Indus valley Civilization Site?
The headquarters of the Indian Space Research Organisation (ISRO) is in:
Dasht-e Lut Desert is a part of which of the following countries?
Consider the following statements:
Statement (A): During winter, the air quality in Delhi is high.
Statement (R): In the winter season, th...
