Question
A sum of ₹ 14000 amounts to ₹ 18515 in 2 years at a
certain rate percent p.a., interest compounded yearly. What will be the compound interest on the same sum, in the same time and at the same rate, if the interest is compounded 8-monthly?Solution
According to the question, 18515= 14000 (1 + R/100)2 1.3225 = (1 + R/100)2 1.15 =1 + R/100 R = 0.15 × 100 = 15% Now the interest when compounded 8 monthly. Number cycles for 2 years = (2 x 12)/8 = 3 Now the new rate will be 15 x 8/12. = 10%. Amount = 14000 (1 + 10/100)3 Amount = 14000 (110/100)3 Amount = 14000 (1.331) = Rs. 18634 CI = 18634-14000 = Rs. 4634 The interest is compounded 8-monthly is Rs. 4634.
Who lives immediate below P?
C visited the city on which of the following day of the week?
What is the position of E with respect to D?
Four of the following five are vishal in a certain way and hence form a group. Which is the one that does not belong to the group?
In each of the following questions, select the related word from the given alternatives:
OFFICE : QHHKEG ::WORKER : ?
Four of the following forms a group based on certain pattern. Who does not belong to this group?
Who among the following person visited on 9 May?
If D is related to Jaipur and G is related to Chennai in a certain way. Then, B is related to which of the following?
Who among the following live on topmost floor?
How many teams play between the teams which play game R and W?
Relevant for Exams:
