Question
Rs. 7,500 is invested in scheme ‘A’ for a year at
simple interest of 25% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in scheme ‘B’ which offers compound interest (compounded annually) of 20% p.a. What is the total amount received from scheme ‘B’?Solution
Interest received from scheme ‘A’ = 7500 × (25/100) = Rs. 1875 Amount received from scheme ‘B’ = 1875 × {1 + (20/100)2} = 1.44 × 1875 = Rs. 2700
The Bima Sugam platform, soon to be launched by IRDAI, is designed to:
Which state has been provided a USD 175 million loan by the Asian Development Bank (ADB)to enhance road connectivity and climate resilience?
Which former IAS officer has been appointed as the new CEO of NITI Aayog?
National Investment and Infrastructure Fund Limited (NIIFL) currently manages three separate funds, which are registered as Alternative Investment Fund ...
In which classification did Mahendra Gurjar set a world record in javelin throw with a distance of 61.17 meters?
Which district in Bihar is set to become the state's second tiger reserve, in addition to the existing Valmiki Tiger Reserve?
What was the rate of microfinance loans overdue by more than 30 days in FY 2024–25, according to Sa-Dhan data?
According to the Ministry of Electronics and IT, what is the cumulative investment in Artificial Intelligence (AI) in India by 2025?
Insurance Regulatory and Development Authority of India (IRDAI) will hold an open house for the insurtech and fintech companies on _____ of every month ...
Who was Leonardo Del Vecchio, who recently died?
Relevant for Exams:
