Question
Vishal has certain sum of money with him. He invested
80% of the sum in scheme ‘X’ offering 15% p.a. simple interest for 8 years and received Rs. 2280 as interest. He then invested the amount received from scheme ‘X’ in scheme ‘Y’ for 2 years at 50% p.a., compound interest compounded annually. Find the amount received by Vishal from scheme B.Solution
Let, Vishal invested Rs. x in scheme ‘X’ According to the question, {(x × 15 × 8)/100} = 2280 Or, x = 2280/1.2 Or, x = 1900 Total sum Vishal had = 1900/0.8 = Rs. 2375 Amount received from scheme ‘X’ = 1900 + 2280 = Rs. 4180 Amount received from scheme ‘Y’ = 4180(1 + 50/100)2 = Rs. 9405
On 21st January 2021, Gujarat Chief Minister Vijay Rupani announced the “Horticulture Development Mission” in the state with an aim:
When will India start supplying petrol with 20% ethanol to cut down vehicular pollution in the country?
How many polities does the institutional mechanism of federalism accommodate?
Which cricketer from Haryana has recently reached the milestone of 200 wickets in the IPL?
Which one of the following towns of Uttrakhand came into existence first?
Which Space agency has fitted the Laser Retroreflector Array (LRA) on the Vikram lander of Chandrayaan 3, positioned near the Manzinus crater in the moo...
Which article of the Indian Constitution deals with the prohibition of traffic in human beings and forced labor?
Which of the following statements is INCORRECT?
Who among the following launched the Scheme “SHRESHTA” for residential education for students in High school in Targeted Areas?
Which of the following amendments regarding the tenure of the Lok Sabha and State Legislative Assemblies was introduced by the 42nd Amendment Act of 197...