Question
A deposited Rs. 7000 at 21% per annum compound interest
in scheme A for 2 years. After 2 years, he deposited total amount at 25% simple interest per annum in another scheme B. Find the interest earned from scheme B after 4 years.Solution
Total amount earned from scheme A = 7000 × (1.21)2 = Rs. 10248.70 Interest earned from scheme B = (10248.7 × 25 × 4)/100 = Rs. 10248.70
A transaction banking platform NEO for Business has been launched for the Indian Micro, Small and Medium Enterprises (MSMEs) that will offer features li...
Who was appointed as the new Managing Director (MD) and Chief Executive Officer (CEO) of Axis Capital?
Narotam Sekhsaria is the author of the biography?
What was the percentage increase in India's outward foreign direct investment (FDI) commitments in January 2024 compared to January 2023?
Which Indian town, established by Rabindranath Tagore and known as the "abode of peace," has been included in UNESCO's World Heritage List?
Which state government has signed an MoU with EaseMyTrip to elevate the state’s under a deal worth over Rs 250 crore standing as a global tourism hots...
Who secured the top position in Time Magazine's poll for its annual TIME100 list?
Karur Vysya Bank collaborated as an additional bancassurance partner with which life insurance company to sell its range of life insurance products in...
The Securities and Exchange Board of India (SEBI) has extended the practice of freezing trading accounts of top company executives during “trading win...
_______ will invest Rs 1.05 trillion into cloud infrastructure in India by 2030 as it looks to meet growing customer demand for cloud services in the co...
