Question
A certain sum of money invested at a rate of 12% p.a.
amounts to Rs. 11576.25 at the end of 15 months if the rate of interest is compounded 5 monthly. Find the sum (in Rs.).Solution
Desired rate = (5/12) × 12 = 5% Let the sum is Rs. ‘P’. So, 1.05 × 1.05 × 1.05 × P = 11576.25 Or, P = 10000
More Simple and compound interest Questions
‘Phyllody’ disease in sesamum is caused by
When was the Central Warehousing Corporation established?
How do percolation pits contribute to sustainable water availability?
Re-sowing is the management option under
Hydrogen bond found in which clay mineral
The element found on the surface of the moon is:
The function of MPEDA include:
Surface ropiness in milk is caused by:
FMD vaccine is given to sheep at an interval of ?
Plants that possess spores and embryo but lack vascular tissues and seeds?
Relevant for Exams:
