Question
Rs. 5500 is invested in scheme ‘A’ for 3 years and
Rs. 4000 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 16% p.a. If the interest received from both the schemes are equal, then find the rate of simple interest (p.a.) offered by scheme ‘B’.Solution
Interest received from scheme ‘A’ = 5500 × 16 × 3 ÷ 100 = Rs. 2640 Let the rate of simple interest offered by scheme ‘B’ = ‘k%’ p.a. ATQ; 4000 × 2 × k ÷ 100 = 2640 Or, 80k = 2640 Or, k = (2640/80) = 33 So, rate of simple interest offered by scheme ‘B’ = 33% per annum.
Which probability distribution represents a continuous random variable with a constant probability density function over a specified interval?
What is the purpose of the finally block in exception handling?
Which layer of the OSI model provides services for file transfer, email, and network management?
Which data visualization technique is commonly used to represent the frequency distribution of a large dataset?
Select the shortcut for refresh operation
State true or false
Pipelining is a technique used in computer architecture to enhance instruction-level parallelism and improve the efficienc...
Which activation function is typically used in the output layer of a regression task?
F={PR`` ST, PSU`` QR} which of the following is trivial functional dependency in F closure?
What is the purpose of a voltage divider circuit?
B-trees and B+ trees are primarily used for efficient storage and retrieval of data in:
Relevant for Exams:
