Question
Rs. 7550 is invested in scheme ‘A’ for a year at
simple interest of 30% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in scheme ‘B’ which offers compound interest (compounded annually) of 30% p.a. What is the total amount received from scheme ‘B’?Solution
Interest received from scheme ‘A’ = 7550 × (30/100) = Rs. 2265 Amount received from scheme ‘B’ = 2265 × {1 + (30/100)2} = 1.69 × 2265 = Rs. 3827.85
Who has become India's number 1 chess player?
At which place was the Atma Raksha Committee formed in 1942?
Who is the author of the recently released book “Indomitable: A Working Woman’s Notes on Life, Work and Leadership”?
Which company recently introduced India’s first Gen AI Lab in the stock broking market?
Gingee Fort, recently nominated for UNESCO World Heritage site, is located in which state?
Who has been sworn in as Nepal's new Foreign Minister?
Which of the following is not matched correctly in regards to Padma Bhushan Awards?
When a Member of Parliament feels that a Minister has breached the privileges of the House by concealing the facts of the matter, the motion raised by h...
What is the percent decadal growth rate in the rural population of Uttarakhand as per the census 2011?
With reference to the Aviation Sector of India, consider the following statements:
1. It is currently the world's 5th-largest civil aviatio...
Relevant for Exams:
