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. 3240 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} = 3240 Or, x = 3240/1.2 Or, x = 2700 Total sum Vishal had = 2700/0.8 = Rs. 3375 Amount received from scheme ‘X’ = 2700 + 3240 = Rs. 5940 Amount received from scheme ‘Y’ = 5940(1 + 50/100)2 = Rs. 13365
- Which mountain range in India is distinguished for its exceptional biodiversity and has been designated as a UNESCO World Heritage Site?
Uday Bhatia of Delhi and Mansi Gupta of Haryana have been honored with the 'Diana Memorial Award' on March 14, 2024. This award is given in the field of:
Who won the Nobel Prize for Literature in 2023.
Why does seawater appear blue?
- What is the primary purpose of the eight count in boxing?
Which bank has launched its GST Sahay App for MSME borrowers to access loans digitally using GST invoices & becomes the first public sector bank to inte...
Which Article of the Constitution establishes a High Court for each state?
When Is celebrated World AIDS Vaccine Day?
Recently who has been appointed as the new Chairman of Amul ?
Consider the following statements about inflation:
1. Inflation erodes the purchasing power of money.
2. Cost-push inflation occurs due to...
Relevant for Exams:
