Question
Suresh earned an interest of Rs. 1032 on principal
amount of Rs. 3200 at some rate of compound interest in 2 years. How much more/less interest would he have earned on Rs. 3600 at the same rate of simple interest for the same duration?Solution
Let, rate of interest be ‘r’% per annum So, 1032 = 3200 × {(1 + r/100)2 – 1} 129/400 = {(1 + r/100)2 – 1} 529/400 = (1 + r/100)2 (23/20)2 = (1 + r/100)2 23/20 = 1 + r/100 3/20 = r/100, r = 15 So, simple interest earned = 3600 × 0.15 × 2 = Rs. 1080 Required amount = 1080 – 1032 = Rs. 48
In December 2021, SEBI constituted an Advisory committee for Leveraging Regulatory and Technology Solutions (ALeRTS). This committee is headed by ______?
When does the Securities and Exchange Board of India (Sebi) plan to implement a T+0 (same day) settlement cycle for the cash segment on an optional basi...
Which of the following statements about bonds is true?
Which of the following is/are advantages of Foreign Direct Investment:
What new financial instrument did Airtel Payments Bank launch in collaboration with NPCI and powered by RuPay?
Cabinet Committee on Economic Affairs (CCEA) approved a scheme worth Rs 2,539.61 crore for _______ and ________, in a boost to public sector broadcastin...
The instrument where coupon and principal payments of bonds are converted into separate securities and are separately traded is called:
Which of the following management principle states that no employee should report to more than one superior?
The ratio of a firm’s property, plant, and equipment, net of accumulated depreciation, to its annual depreciation expense is an estimate of:
Recently in August 2022, how much loan was sanctioned from Emergency Credit Line Guarantee Scheme?
Relevant for Exams:
