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. 3570, find the monthly expenditure of the man which is 56% of his monthly salary.Solution
Let the amount of money deposited in the bank be Rs. ‘x’. So, x × [(1.1)2 – 1] = 3570 0.21x = 3570, x = 17000 So, monthly income of man = 17000/0.25 = Rs. 68000 Required monthly expenditure of man = 56% of 68000 = Rs. 38080
More Simple and compound interest Questions
√324 * 6 – 20% of 180 + ? = 130% of 150
What is the value of 143 + 163 + 183 + … + 303?
(2/?) x (3/16) x (2/15) x 60 = 1/3
154 × 7 + 480 × 5 =?% of 6956
- What will come in the place of question mark (?) in the given expression?
40% of (320 ÷ 4) + 2² X 25 = ? + 42 (5/8 of 480 - 30% of 420)² ÷ (√81 + 25% of 320) = ?
17% of 250 + ? = 108
Simplify the following expression and find the final value:
(18 ÷ 6 of 2 + 7 of 5) ÷ 5
