Question
The difference between compound interest and simple
interest at rate of 12% per annum for 2 years is Rs. 144. Find the simple interest obtained on same amount for a period of 2 years at rate of 10% per annum.Solution
Let, the amount be Rs. P. P[(1 + 12/100)2 – 1] – P × 12% × 2 = 144 P × 0.2544 – P × 0.24 = 144 P × 0.0144 = 144 P = 144 ÷ 0.0144 = Rs. 10000 Therefore, required interest = 10000 × 10% × 2 = Rs. 2000
Which districts were classified as 'Front Runner' in the NER SDG Index 2023–24?
Which consortium has been awarded the contract for Advanced Night Sight systems for SIG 716 rifles?
The Beach festival has been inaugurated by the Lieutenant Governor of which state/UT?
How much increase has been made by the Union Government domestic natural gas prices for October 2023?
The Ministry of Defence has sealed a ________ contract with C (TCIL) to boost India's digital armed forces.
What was the primary focus of the Ganga Waters Treaty signed between India and Bangladesh in 1996?
What was the reason behind the RBI's imposition of a monetary penalty on Omkar Nagreeya Sahkari Bank Ltd . , Kanpur?
India’s 1st private agri mandi is established in which district?
What was the Indian Ministry of External Affairs’ response to the U.S. Department of State's remarks regarding the arrest of Arvind Kejriwal and the f...
Recently, Central Intelligence Agency has appointed whom as its chief technology officer?
Relevant for Exams:
