Question
Rs. 5,500 is invested in scheme ‘A’ offering simple
interest of 15% p.a. and Rs. 8,000 in scheme ‘B’ offering simple interest of 5% p.a. What is the difference in interests earned from the two schemes after 3 years?Solution
Interest earned from scheme ‘A’ = (5500 × 3 × 15) ÷ 100 = Rs. 2475 Interest earned from scheme ‘B’ = (8000 × 3 × 5) ÷ 100 = Rs. 1200 So, difference in interest earned = 2475 – 1200 = Rs. 1275
According to BIS 2025, which newly introduced seismic zone is classified as the highest-risk area in India?
What is the total financial outlay of the Employment-Linked Incentive (ELI) scheme approved by the Union Cabinet?
Which PSU won the first place in Category-I for the ‘Rajbhasha Gaurav Samman’ 2023-24 awarded by TOLIC (PSU) Visakhapatnam?
What unique multi-lingual initiatives were launched by CDSL to enhance accessibility in the capital market landscape, and who launched them?
Which agribusiness company is planning to invest Rs 300 crore over the next 3-4 years to set up an integrated palm oil complex, including a crude palm o...
Which Indian cricketer, part of the 2007 and 2011 World Cup-winning squads, retired from all forms of cricket in 2025?
Recently RBI increased the Repo rate by 25 Bps to _____?
Which agreement adopted during the Philippines President’s state visit to India will govern joint army-level interactions?
What is the cumulative renewable energy (RE) capacity awarded by the Solar Energy Corporation of India Ltd. (SECI) as of 31 December 2025?
Which bank is involved in the strategic partnership with Tata Power Solar to promote solar energy usage among residential consumers?
Relevant for Exams:
