Question
Veeru invested Rs. 2800 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 Veeru at the end of 5 years.Solution
Amount received by Veeru after 3 years of investment = (2800 × 20 × 3)/100 + 2800 = Rs. 4900 Therefore, sum invested by Veeru at compound interest = Rs. 4900 Amount received by Veeru at the end of 5 years = 4900(1 + 0.2)2 = Rs. 7656.25
Opinion as to handwriting is relevant under:
Consider the following statements regarding confiscation under the IT Act, 2000:
1. Any computer, computer system or related device used in the c...
Which of the following acts has been specifically recognized and criminalized under the Bharatiya Nyaya Sanhita, 2023, that was not distinctly covered i...
Consider the following statements regarding member rights under the Companies Act, 2013:
Statement 1: Every member has a right to attend and v...
A Red Herring Prospectus does not the include information related to __________
Under the Biological Diversity Act, 2002, who is responsible for granting approval for access to biological resources for commercial use?
Under the Companies Act, 1956, a "Prospectus" is:
Which body is responsible for providing advice on minimum wages under The Minimum Wages Act, 1948?
Who is eligible for appointment as the Central Vigilance Commissioner or Vigilance Commissioners under the Central Vigilance Commission Act, 2003?
The Marine Products Export Development Authority(MPEDA) was set up under Section (4) of MPEDA Act, 1972 and became functional from______ .
