The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 20% p.a. for 2 years, is Rs. 100. If Rs. (P + 1500) is invested at the same rate p.a., then find the compound interest, compounded annually earned after 3 years.
Using formula Difference = Sum(R/100)2 Or, 100 = P(20/100)2 Or, 100 = P(400/10000) Or, 0.0400P = 100 Or, P = 2500 Sum that is invested on compound interest = 2500 + 1500 = Rs. 4000 Compound interest = 4000(1 + 20/100)3 – 4000 = 4000 × (6/5) × (6/5) × (6/5) – 4000 = 6912 – 4000 = Rs. 2912
What is the new transaction limit set by the RBI for UPI Lite, which was increased from Rs 200 to __________ .
Which Indian insurance company has recently become the most valuable public sector undertaking, surpassing State Bank of India (SBI)?
On 12th November every year which of the following day is observed?
Which country has launched Deep Underground and Ultra-low Radiation Background Facility (DURF), the world's deepest underground laboratory that is belie...
Telecommunications Consultants India Ltd (TCIL) has entered into an agreement with _______ for the provision of Captive Non-Public Network (CNPN) Servic...
Who will receive the Royal Gold Medal 2022, one of the world’s highest honours for architecture by the Royal Institute of British Architects (RIBA)?
According to S&P Global Ratings report ‘Global Credit Outlook 2024: New Risks, New Playbook’, India is set to become the third-largest economy by __...
The National Statistical Commission (NSC) has constituted ______ expert committees to look into ways to improve the survey process as India looks to rev...
A new variety of ______ naming PBW RS1 has been researched by Punjab Agricultural University (PAU).
In which country the 12th edition of the 'World Hindi Conference' is being held?