Question
Rs. 8000 is invested in scheme βAβ for 3 years and
Rs. 4000 is invested in scheme βBβ for 2 years. Scheme βAβ offers simple interest of 6% p.a. If the interest received from both the schemes are equal, then find the rate of simple interest (p.a.) offered by scheme βBβ.Solution
Interest received from scheme βAβ = 8000 Γ 6 Γ 3 Γ· 100 = Rs. 1440 Let the rate of simple interest offered by scheme βBβ = βk%β p.a. ATQ; 4000 Γ 2 Γ k Γ· 100 = 1440 Or, 80k = 1440 Or, k = (1440/80) = 18 So, rate of simple interest offered by scheme βBβ = 18% per annum.
Which country holds 21 % of the world's lithium reserves, and India is in the final stages of negotiating to acquire lithium blocks for exploration and ...
Which of the following is/are not true with respect to India's trade deficit,imports & exports ?
I.According to the data provided by the governme...
- Which international declaration will be adopted at the 3R and Circular Economy Forum 2025?
What was the Worker Population Ratio (WPR) at the all-India level in June 2025?
Which Indian hockey player has become the first woman to have a stadium named after her?
Which South American country adopted India's UPI system for instant digital payments?
Which bank launched #LaxmiForLaxmi- a women-led financial empowerment initiative that will connect women investors to a woman financial expert?
When was the Agreement on Fisheries Subsidies adopted by the WTO?
What is the relaunch period of the SPREE scheme approved by ESIC?
As per the 2025 update, how many mineral blocks have been operationalized out of the 500 auctioned across 16 states?