Question
A man deposited 25% of his salary to a bank which offers
compound interest at the rate of 10% p.a. If the interest earned by him from the bank after 2 years is Rs. 2730, find the monthly expenditure of the man which is 54% of his monthly salary.ÂSolution
Let the amount of money deposited in the bank be Rs. ‘x’. So, x × [(1.1)2 – 1] = 2730 0.21x = 2730, x = 13000 So, monthly income of man = 13000/0.25 = Rs. 52000 Required monthly expenditure of man = 52% of 52000 = Rs. 28080
India and which of the following South Asian country launch the Real-time Payment Systems Linkage on 21st February 2023?
Who was sworn in as the new president of Nigeria on May 29?
In which city did Prime Minister Narendra Modi announce the opening of India's embassy during the ASEAN-India Summit in Jakarta?
Which of the following is true regarding the Tamil Nadu assembly's recent passing of the Bill seeking amendment in the Factories Act, 1948 , extending d...
- Which country co-hosted the ICC Champions Trophy 2025 with Pakistan?
Recently Prime Minister launches Mission LiFE at which of the following place?
Who won the gold medal at the Asian Marathon Championships 2024?
Centre has formulated ‘Action Plan for Champion Sectors in Services’ to give focused attention to how many identified Champion Services Sectors?
...Indian para-athletes returned from Bahrain after claiming ____ medals at the Asian Youth Para Games.
Which mission under the National Mission for Clean Ganga focuses on integrating river-sensitive planning into Indian cities?
Relevant for Exams:
