The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 30% p.a. for 2 years, is Rs. 180. If Rs. (P + 1000) 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, 180 = P(30/100)2 Or, 180 = P(900/10000) Or, 0.0900P = 180 Or, P = 2000 Sum that is invested on compound interest = 2000 + 1000 = Rs. 3000 Compound interest = 3000(1 + 30/100)3 – 3000 = 3000 × (13/10) × (13/10) × (13/10) – 3000 = 6591 – 3000 = Rs. 3591
What is the minimum weightage of the parameters related to overall financial soundness and performance assessment for Managing Directors (MDs) and Whole...
2022 Global Food Security Index (GFSI) report was released by _________?
LIC Mutual Fund announced the appointment of ___________ as its managing director and chief executive officer.
Consider the following statement about Amplifi 2.0 Portal:
1. Recently, the Union Ministry of Environment launched the Amplifi 2.0 portal..
...The World Bank has approved a _______ loan to support the Indian state of West Bengal in harnessing surface and groundwater through better irrigation pr...
Consider the following statements about Solid-fuel missiles:
1. Recently, Russia test-fired an intercontinental ballistic missile (IC...
The year 2024 has been named the 'Year of Human Resource Development and Discipline' by which organization?
Kaikala Satyanarayana recently died . He was__?
According to S&P Global Ratings, what is the projected GDP growth for India by the year 2026?
How many Agripreneurs was awarded National Awards in National Youth Day?