Question
Rs. 15000 invested for 2 years in a scheme offering
compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 50 less than the interest received on investing Rs. Y for a year at simple interest of 50% p.a.. Find the value of ‘Y’.Solution
Interest returned on investing Rs. 15000 = 15000(1 + 15/100)2 – 15000 = 15000(115/100)2 – 15000 = 15000(23/20)2 – 15000 = 15000{232/202)- 1} = 15000{529/400)- 1} = 15000(529 - 400)/400 = Rs. 4837.5 So, interest returned on investing Rs. Y for 1 year at simple interest of 50% p.a. = 4837.5 + 50 = Rs. 4887.5 Or, Y × (50/100) = 4887.5 Or, Y = 4887.5 × (100/50) Or, Y = 9775
Which Mughal emperor is associated with the construction of the Peacock Throne?
Iodine is used to test the presence of ___________ in food.
What is the deepest point in the Earth's oceans known as?
The National Health Policy 2017 aims at increasing the Government expenditure on public healthcare by 2025 to
What is the focus of the ‘Sampoornata Abhiyan’ launched by NITI Aayog?
The Hornbill Festival 2024, held in Nagaland, marks which edition of the festival? Â
What was India's foreign exchange reserve as of September 27, 2024, making India the fourth country to surpass this milestone?
World Health Day is celebrated every year on __________.
Recently, who has been appointed as new finance secretary of India?
Government of India has declared the year 2018 to be:
