Question
Rs. 7000 is invested in scheme ‘A’ for 2 years and
Rs. 5000 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 15% 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’ = 7000 × 15 × 2 ÷ 100 = Rs. 2100 Let the rate of simple interest offered by scheme ‘B’ = ‘k%’ p.a. ATQ; 5000 × 2 × k ÷ 100 = 2100 Or, 100k = 2100 Or, k = (2100/100) = 21 So, rate of simple interest offered by scheme ‘B’ = 21% per annum.
Which factory of the Indian Railways is located at Bengaluru?
Where is the rail wheel factory located?
The Indian Railways carried 1108.79 million tonnes of freight in:
Presentation of the first ever railway budget in India held in:
Jamalpur has a training institute of Indian Railways for the training of
The first thoughts for a railway system in British India were expressed in a Parliamentary Select Committee meeting held ______ in in 1831-32.
When was the Southern Railway zone created?
What is the name of the mobile application recently launched by Indian Railways for passenger safety?
Which institution released a report titled ‘Derailment in Indian Railways’?
Palace on Wheels is run by which state rail tourism?