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 Ă— R Ă— T / 100 = P Ă— 10 Ă— 2 / 100 = 600 P = Rs. 3,000 Compound interest (CI) = P Ă— (1 + R/100)^T - P CI = 3000(1 + 10/100)^2 - 3000 = 3000 Ă— 1.21 - 3000 = 3,630 - 3,000 = Rs. 630 According to the question, CI = Rs. (x + 420) x + 420 = 630 x = 210
In the Economic Survey 2021-22, India registered its highest-ever annual FDI inflow of _____ dated 31 Jan 2022.
Canara Bank’s headquarter is located atÂ
Which one of the following is not an Indus valley Civilization Site?
Demutualisation is a process that changes a mutual or co-operative association into a public companyÂ
Consider the following statements:
1. The design of the National Flag was adopted by the Constituent Assembly of India on 22 July 1947.
2....
The Human Development Index (HDI) is published annually by which organization?
‘Saka Era’ started from:
Chhabra Power Plant is situated in which of the following state?
Rajesh Ranjan has been appointed as the High Commissioner of India to:
What was India's foreign exchange reserve as of September 27, 2024, making India the fourth country to surpass this milestone?
Relevant for Exams:
