Question
The compound interest on a certain sum for 2 years at
10% per annum is Rs. (x+420). The simple interest on the same sum at the same rate for the same time is Rs. 600. Find the value of x.Solution
Let the principal be P. Simple interest (SI) = P × R × T / 100 = P × 10 × 2 / 100 = 600 P = Rs. 3,000 Compound interest (CI) = P × (1 + R/100)^T - P CI = 3000(1 + 10/100)^2 - 3000 = 3000 × 1.21 - 3000 = 3,630 - 3,000 = Rs. 630 According to the question, CI = Rs. (x + 420) x + 420 = 630 x = 210
Which Article defines the powers of Union and States with respect to governor?
For the SHG(Self Help Groups) how much maximum loan amount is provided under DAY -NRLM scheme ?
What was the primary focus of the partnership between LIC and Infosys? Â
What is the class of the 4th Submarine INS Vela ?
IBM in collaboration with NASA unveiled a new geospatial foundation model foe which of the following purposes?
If A is to the South of B and C is to the East of B. In what direction is A with respect to C?
In the 75th year of Independence, in August 2022, 11 New Ramsar Sites in India were added to the list.. Which state in India has the highest number of ...
The memoir ‘Becoming’ is based on whose life events?
Which schedule was added to the constitution by the 73rd Constitutional Amendment?
Kamala Harris, Vice President Elect of USA wrote a children book, what is the name of the book?Â
Relevant for Exams:
