Question
Viraj invested Rs. 3500 at 20% p.a. simple interest for
3 years. After 3 years, he invested the amount received by him at the 20% p.a. compound interest, compounded annually for another 2 years. Find the final amount received by Viraj at the end of 5 years.Solution
Amount received by Viraj after 3 years of investment = (3500 × 20 × 3)/100 + 3500 = Rs. 5600 Therefore, sum invested by Viraj at compound interest = Rs. 5600 Amount received by Viraj at the end of 5 years = 5600(1 + 0.2)2 = Rs. 8064
Why is the Indian government terminating the Free Movement Regime (FMR) along the India-Myanmar border?
'Madhubani' painting is related to which state?
Who has been crowned as the Miss India USA,2022?
India’ s first Regional Center for Unani Medicine’ has been recently inaugurated in which state of India?
Nihonshu sake,an alcoholic beverage, got a Geographical tag in Chennai from which country?
Which city is known as the 'City of Temples' in Uttar Pradesh?
In India, all loans that are below __________ are considered microloans.
Which fair starts from Makar Sankranti and ends at Maha Shivratri?
Who is the Minister of Tribal Affairs?
Which of the following is the smallest ocean in the world?
Relevant for Exams:
