Let the principal be = Rs 100 So simple interest for 2 years = 100 × 1/5 = Rs 20 So interest rate % = 200/(2 ×100)× 100 = 10% Interest received in 5 years = (100 ×10 ×5)/100 = Rs 50 So interest received in 5 years = Rs 50 which is 1/2 of the principal. Alternative method : 2 years interest = 1/5 times of principal 1 year interest = 1/10 times of principal 5 years interest = 1/10 × 5 = 1/2
What is the target bilateral trade between India and Russia by 2030?
The high-speed corridor between Tharad and Ahmedabad in Gujarat will be:
In which Japanese city was a bust of Mahatma Gandhi unveiled by External Affairs Minister S. Jaishankar?
Which cooperative bank's license was recently revoked by the Reserve Bank of India due to insufficient capital and earnings prospects, leading to its cl...
How many crore new jobs were added in India in 2023-24 according to RBI's KLEMS data?
Pradhan Mantri Suraksha Bima Yojana is a government-backed accident insurance scheme in India. Up to what age can an individual avail the benefits of PM...
Which platform recently achieved the milestone of processing 500 million UPI transactions daily?
What new rule will HFCs (Housing Finance Companies) need to follow starting January 2025 regarding public deposits?
What is the name of the web portal launched to empower farmers in the northeast?
Which state leads with the highest share of women in the unincorporated enterprises sector according to the Annual Survey of Unincorporated Sector 2022-23?
