Question
David takes a loan of Rs. 20000
from his friend Alex, which he is to return at 10% p.a. simple interest after 5 years. Alex takes a loan from George, which he returns after 2 years at 10% p.a. compound interest. If Alex returns Rs. 24200 to George, then what is the difference between the amount borrowed by Alex from George and the amount returned by David to Alex?Solution
Amount David Returns to Alex: Principal: 20000, Rate: 10%, Time: 5 years. Simple Interest = (20000×10×5)/100 = 10000. Total Amount = 20000+10000=30000.
Amount Alex Borrowed from George: Returned 24200, Rate: 10%, Time: 2 years. Using Compound Interest formula: 
Difference: Amount returned by David: 30000. Amount borrowed by Alex: 20000 Difference = 30000 − 20000=10,000.
Which state's renowned craft of 'Chandi Tarakasi,' also known as silver filigree, has been officially recognized with a Geographical Indication (GI) tag?
Which of the following states is the first to regulate the crops grown by farmers?
Eliud Kipochoge, a Kenyan marathon runner had won the Olympic 2020, also he won gold in Olympic held in which year?
Which statement of the following in are INCORRECT about the 2023 Plastic Overshoot report by Swim-based research conmitancy Earth Action (EA)?
1....
The value of the Gross Domestic Product (GDP) of India is published by PIB in ______.
As of December 2021, the number of High Courts in India are ________.
Indian National Space Promotion and Authorization Centre (IN–SPACe) is a single-window autonomous agency under the Department of Space. Who is the cur...
The National Food Security Act (NFSA) was enacted in which year by the Government of India?
Now a days, people are replacing artificial sugar with stevia because it has no ______.
