Question
Rs. P invested at R% p.a. gives simple interest and
compound interest (compounded annually) of Rs. 640 and Rs. 665.60 respectively at the end of 2 years. Find the compound interest (compounded annually) earned if Rs. (P + 1000) is invested at (R + 4)% p.a. for 2 years.Solution
Simple interest for one year = 640/2 =Rs. 320 Difference between compound interest and simple interest for 2 years = 665.6 – 640 = Rs. 25.60 So, R = 25.6/320 × 100 = 8% And, P = 320/0.08 = Rs. 4000 Desired interest= [(1.12)2 – 1] × 5000 = Rs. 1272
As oer the According to the the Central Vigilance Commission Act the ____________________ may make rules with respect to the number of members of the st...
Which of the following defences is available in an action for tort of defamation
What is the maximum age for retirement of president?
The National Judicial Appointment Commission(NJAC) was declared unconstitutional by the Supreme Court in which of the following cases?
The instrument appointing a proxy shall ________________
Whose rights were addressed in case of Hussainara Khatoon Vs. State of Bihar?
The provision for Anticipatory Bail has been provided under which of the following sections of Code of Criminal Procedure?
Court need not frame charges in which case?
Which of the following most accurately defines "general insurance business" as per the Insurance Act?
The burden of proof that the case of accused comes within exception is on theÂ
Relevant for Exams:
