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. 2520 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} = 2520 Or, x = 2520/1.2 Or, x = 2100 Total sum Vishal had = 2100/0.8 = Rs. 2625 Amount received from scheme ‘X’ = 2100 + 2520 = Rs. 4620 Amount received from scheme ‘Y’ = 4620(1 + 50/100)2 = Rs. 10395
The Houthi group belongs to which country?
Recently the 5th JCB Prize for Literature was awarded to the book 'The Paradise of Food', which has been translated into four different languages. In w...
In the recently launched NAVYA scheme under Viksit Bharat@2047, what does the letter ‘N’ stand for?
Consider the Following statements:
I. Affordability Index for H1 2022 was recently released by Knight Frank India.
II. Knight Frank India ...
Which of the following are satellite ports?
Consider the following statements :
Statement I:
In India, the RTGS and NEFT payment systems are owned and operated by National Payme...
The Ministry of Power launched a scheme for procurement of aggregate power of 4500 MW for five years under SHAKTI Policy in which year?
Consider the following statements in regards to Aditya L1 mission:
1. Nigar Shaji was the project's director of the Mission.
2. PSLV-C57 l...
Where in India, the Vizhinjam International Seaport, India’s first dedicated deep water container transhipment hub has been recently inaugurated in Ma...
The President of India decides on the question as to the disqualification of Members of Parliament in consultation with the ________.
