Question
'P' invested a certain sum of
money for 2 years at an annual compound interest rate of 20% and earned a total interest of Rs. 6600. If the same amount was instead invested for 3.5 years at a simple interest rate of 12% per annum, what would be the simple interest earned by 'P'?Solution
Let amount = X ATQ, 
X×[1.2 2 -1]=6600 X×0.44=6600 X=15000 Required simple interest amount = (X×3.5×12)/100 = (15000 × 3.5 ×12)/100 = Rs.6300
More Quant Miscellaneous Questions
Which of the following is an example of heterogeneous catalysis?
A rear-view mirror for driving is –
What is the major component of bile juice that helps in fat digestion?
Who founded binomial nomenclature?
What is the name of the dividing tissue in plants?
The later (second) formed primary xylem elements are called:
Which cells give rise to various organs of the plant and keep the plant growing?
Which of the following statements is incorrect about dietary fibres?
Who performed experiments on Vicia faba to prove that the DNA replicates semi-conservatively ?Â
Sugarcane is classified as a:
Relevant for Exams:
