A money-lender borrows money at 5% per annum and pays the interest at the end of the year. He lends it at 12% per annum compound interest compounded half yearly and receives the interest at the end of 6 months. In this way he gains Rs. 2,944 a year. The amount of money he borrows, is (in rupees)
Let the borrowed amount be x According to the question, x [( 1 + 6/100 )² - 1] –(x × 5 × 1)/100 = 2,944 (since Interest is compounded quarterly ) ⇒ x [ ( 1.06 )² - 1 ] – 0.05x = 2,944 ⇒ 0.1236x - 0.05x = 2,944 ⇒ 0.0736x = 2,944 ⇒ x = 2944/0.0736 = Rs. 40,000
Find out the appropriate words.
Select the most appropriate option to fill in blank
In the sentence marked as (6) in the passage, find out an error, if there is any. If there is no error, mark option 5, ‘No error’ as the answer. <...
According to one of the three kids, how could the skin colour be changed?
Choose the most appropriate word to fill the blank (a)
Choose the most appropriate word for blank 113.
Select the most appropriate option to fill in blank.
According to the author rupee is not the only currency that is losing its value against dollar. How does this fact affect India?
Find the appropriate word.
A distributor ________ electricity from a generator, adds transmission and distribution________, a charge to recover technical losses, operating expens...