Question
The amount of a certain sum in 3 years at simple
interest at x % p.a. is ₹5,472 and the amount of the same sum in 7(1/2) years at the same rate, at simple interest is ₹6,930. The value of x is:Solution
Let the sum be Rs. p. According to the question, p + (p × x × 3)/100 = 5472 ....(1) According to the question, p + (p × x × 7.5)/100 = 6930 ....(2) (2) - (1) we get, p + (p × x × 7.5)/100 - p - (p × x × 3)/100 = 6930 - 5472 ⇒ 7.5xp/100 - 3xp/100 = 1458 ⇒ 4.5xp/100 = 1458 ⇒ xp = 145800/4.5 ⇒ xp = 32400 ....(3) Putting xp = 32400 in (2), p + (p × x × 7.5)/100 = 6930 ⇒ p + (32400 × 7.5)/100 = 6930 ⇒ p = 6930 - (32400 × 7.5)/100 ⇒ p = 6930 - 2430 ⇒ p = 4500 ....(4) Putting p = 4500 in (3), x × 4500 = 32400 ⇒ x = 32400/4500 ⇒ x = 7.2 ∴ The value of x is 7.2.
An interface, that allows a user to interact with the e-commerce vendor in a two-tier architecture, is known as __________.
Under GST, the 'Reverse Charge Mechanism' (RCM) implies that the tax is paid by:
A customer purchases a general insurance policy covering fire and burglary. The insurer charges a premium of ₹50,000 for the annual coverage. As per p...
Cost of equity is 15%, cost of debt is 10%, debt-equity ratio is 1:1, tax rate 30%. What is WACC?
According to RBI's KYC Directions, if KYC/AML standards differ between RBI and a host country regulator for foreign branches of Indian banks, which stan...
Current years’ proposed dividend will be:
Which of the following items does NOT appear under 'Current Assets' in a Balance Sheet?
What is the maximum aggregate balance allowed in accounts opened using Aadhaar OTP-based e-KYC in non-face-to-face mode?
Preliminary expenses are the best example for _________.
Financial Instruments such as Call Money, commercial paper, Bills of exchange, T-Bills, are traded in which of the following market?
Relevant for Exams:
