Question
Quantity I: A person invests Rs. 10,000 in a bank at an
interest rate of 5% per annum, compounded annually. What is the total amount in the account after 3 years? Quantity II: Another person invests Rs. 12,000 in a different bank at an interest rate of 4% per annum, compounded annually. What is the total amount in that account after 2 years? Two quantities, Quantity I and Quantity II, are provided. Your task is to solve both quantities and determine the correct relationship between them. Choose the appropriate option.Solution
Quantity I: Total amount after 3 years = P(1 + r/100n)^(nt)Ā = 10000(1 + 0.05/1)^(1*3)Ā = 10000(1.157625)Ā = 11576.25. Quantity II: Total amount after 2 years = P(1 + r/100n)^(nt)Ā = 12000(1 + 0.04/1)^(1*2)Ā = 12000(1.0816)Ā = 12979.20. Answer: A (Quantity I < Quantity II)
In which Indian state is the famous Cuttack Rupa Tarakasi (silver filigree), which recently earned the Geographical Indication (GI) tag, located?
The new Dwarka Expressway, being developed as the first elevated urban expressway in India, will be operational in the year _____?
Who has been appointed as the Managing Director of National Asset Reconstruction Company (NARCL)?
Shri Sanatan Dharma Mandir is situated in which of the following district of Uttar Pradesh?
Famous actor, Naseeruddin Shah was born in which district?
The Life Insurance Company (LIC) of India has launched the āLIC _____ Schemeā with a combination of protection and savings.
Recently who has become the President of Indian Olympic Association (IOA)?
Ā The former President of ______ country, Fidel Valdez Ramos passed away on 31st July, 2022.
The first newspaper ever printed in Uttar Pradesh was started by whom?
On the basis of the source of origin, the rivers of Uttar Pradesh are divided into ............... .
Relevant for Exams:
