Question
Rs. 13000 invested for 2 years in a scheme offering
compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 10 less than the interest received on investing Rs. Y for a year at simple interest of 10% p.a.. Find the value of ‘Y’.Solution
Interest returned on investing Rs. 13000 = 13000(1 + 15/100)2 – 13000 = 13000(115/100)2 – 13000 = 13000(23/20)2 – 13000 = 13000{232/202)- 1} = 13000{529/400)- 1} = 13000(529 - 400)/400 = Rs. 4192.5 So, interest returned on investing Rs. Y for 1 year at simple interest of 10% p.a. = 4192.5 + 10 = Rs. 4202.5 Or, Y × (10/100) = 4202.5 Or, Y = 4202.5 × (100/10) Or, Y = 42025
If there is a dispute regarding the subsistence allowance payable to a workman under the provisions of Industrial Employment (Standing Orders) Act, 1946...
Which of the following pairs are correctly matched?
In the event of any dispute relating to the amount of gratuity payable, the employer shall deposit such amount as he admits to be payable by him
Under section 31 of sale of Goods Act, 1930 the seller has a duty :
In the context of the establishment of Permanent Lok Adalats under the Legal Services Authorities Act, what is the role of the Central Authority or Stat...
All India Services is created by
The case of Nallajerla Krishnayya v. Vuppala Raghavulr discusses on the following subject:
Which of the following properties can be transferred?
Indian Taxation law is based on which of the following principle?
What is the purpose of reservations in the Indian Constitution?
