Question
Find the rate of simple interest at which Rs. 5000
should be invested for 2 years so that the interest earned will be same as the interest received when the same amount is invested at 20% at compound interest compounded annually for same time period.Solution
Compound interest earned in 2 years = 5000 × [(1.2)^2 – 1] = 0.44 × 5000 = Rs. 2200 Let the rate of simple interest is R% According to question, (5000 × R × 2)/100 = 2200 100 × R = 2200 R = 22%
Vipin Sanghi is going to be the chief justice of which high court?
Which newspaper was founded by Jawaharlal Nehru?
Recently Sagar Parikrama Phase IV begins from which of the following city?
Which of the following company is not a Non-Banking Financial Company (NBFC)?
Payment Lounge, introduced by Aditya Birla Capital Digital Limited, is described as an omni-channel platform. What does "omni-channel" mean in this cont...
What gene was discovered to be central to immune regulation and autoimmune disorders, earning a Nobel Prize in 2025?
NASA’s James Webb Space Telescope discovered the 29th moon of Uranus in February 2025. What is it named?Â
__________________ became 102nd unicorn of the country after raising $33 million in a funding round.
What is the new accidental death cover amount provided under the MoU between Indian Railways and SBI?
Which fundamental right allows Indian citizens to reside and settle in any part of the country?
