Question
The difference between the interest payable on a sum
invested for three years at 20% compound interest per annum compounded annually and 20% simple interest per annum for the same period is ₹448. What is the value of the sum invested?Solution
Let the sum invested be Rs. P. According to the question, (P (1 + 20/100)3 - P} - {(P x 20 x 3) / 100} = 448 0.728P- 0.6P = 448 P=448 / 0.128 P = 3500 The value of the sum invested is Rs. 3500.
A loan is categorised as NPA when its interest or principal repayment become overdue for more than 180 days
Which number will come at the end of the number series?
85, 77, 70, 64, 59, 55, _____?
From which state does the distinguished tennis player Rohan Bopanna, who recently retired, originate?
P-Notes are instruments issued by registered FII to overseas investors, who wish to invest in the Indian stock markets without registering themselves w...
Which of the following cities is not situated at the river bank of the Ganges?
In which year were the Operation Shakti nuclear tests conducted by India?
The Government of India launched the PRASAD (Pilgrimage Rejuvenation And Spiritual Augmentation Drive) scheme in the year ____ under the Ministry of Tou...
In which of the following years, progressive liberalisation of the Indian economy was first initiated?Â
Which of the following is correct?
The largest state of the country India is?
Relevant for Exams:
