Question
A man invested a certain amount of sum at 12.5%
per annum simple interest and earned an interest of Rs 3000 after 3 years. If the same amount is invested at 20% per annum compound interest, compounded annually for two years then the interest would be:Solution
Let the certain sum of money be Rs. P
So, P × 0.125 × 3 = 3000
So, P = Rs. 8000
Desired interest = [(1.20)2 – 1] × 8000 = Rs. 3520
More Simple and compound interest Questions
Arrange the crops in order of their water requirement (WR)
Which soil type is formed under waterlogged conditions and exhibits bluish-grey mottling?
Which branch of agriculture deals with principles and practices of soil, water and crop management?
A millet crop isÂ
Which cole crop shows the highest level of inbreeding depression affecting its hybrid development potential?
The National Cooperative Consumers’ Federation was established during the ………Plan.
Which rootstock is extensively used in North India for citrus propagation?
Which one of the following crop yields both oil and fiber?
Manuring in mature tea is done on the basis of which of the following?
Bacterial cell division primarily occurs via:
