Question
Hema invested ₹1,728 at the rate of compound interest
(Compounded annually) for 3 years. She got ₹4,096 after the specified period. Find the rate of interest per annum.Solution
A=P(1+r/100)3 4096/1728 =(1+r/100)3 64/27 =(1+r/100)3 1+r/100=4/3 r/100= (4/3)-1=1/3 r =100/3 =33.33% =33(1/3)%
More Previous year papers Questions
Recently, where was the National Education Conference ‘GyanKumbh’ held?
Which of the following is the most authentic brand in the world?
How much did new investments grow in Q2 of FY25 compared to Q1, as per recent data?
What is the height of Mt. K2?
Identify the 'Father of Indian Statistics.'
Who is the current Chief Justice of India?
Selling insurance is not a primary function of a bank.
‘Abode of the God’ is a nickname given to which Indian City?
In which state is Fort Madikeri located?
'Sohar' is traditionally recognized as which type of cultural expression in Bihar?
Relevant for Exams:
