Question
Two quantities are
given as Quantity I and Quantity II. You have to determine the relationship between them and give the answer. Ms. Anika invests in two schemes on compound interest: Scheme A at 5% p.a. and Scheme B at 15% p.a., both compounded annually. The total investment across both schemes is Rs.20000. After 2 years, the total interest earned is Rs.4690. Quantity I: Amount invested in Scheme A. Quantity II: Amount invested in Scheme B.Solution
ATQ, Let x be the amount invested in Scheme A and (20000 − x) be the amount invested in Scheme B. For 2 years, compound interest ⇒ Scheme A, Net effective interest ⇒ 5 + 5 + (5×5/100) = 10.25% Scheme B, Net effective interest ⇒ 15 + 15 + (15×15/100) = 32.25% 10.25/100 × x + 32.25/100 × (20000 − x) = 4690 (0.1025 − 0.3225)x = 4690 − 0.3225×20000 −0.2200x = 4690 − 6450 = −1760 x = (−1760)/(−0.22) = 8000 Therefore, Quantity I = 8000 and Quantity II = 20000 − 8000 = 12000 Conclusion: Quantity I < Quantity II.
What is the main purpose of secondary tillage?
T.S.S of jam is(ºBrix)
Which two areas have been selected in the first phase under the Nagar Van Scheme in the State?
The process of removal of stamens or anthers or killing the pollen of a flower without harming female reproductive organ is known as
What initiative has Uttarakhand taken under the MSME Policy, 2015, to promote industries?
Late blight of potato is caused by
Mitosis is the process by which a cell replicates its chromosomes and then segregates them, producing two identical nuclei in preparation for cell divis...
National Research Centre for Litchi (NRCL) is located at _________
In conservation tillage, how much % area is covered with residues
What is the water table in an aquifer?
