Question
Simran Funded Rs. 70,000 in two different SIP's. She
funded the smaller amount at CI of 20% p.a. compounded annually, and larger amount at SI of 16.5% for 2 years. If the interest earned from both SIP's is same, then find the amount invested at compound interest.Solution
ATQ, we can say that Let the amount invested at compound interest be Rs. 'A'. So, amount invested at simple interest = Rs. (70000 - A) Compound interest earned in two years = A × (1.2)2 - A = Rs.0.44A Simple interest earned in two years = {(70000 - A) × 16.5 × 2} ÷ 100 = Rs. {(70000 -A) × 0.33} Then, 0.44A = (70000 - A) X 0.33 Or, 0.44A = 23100 - 0.33A Or, 0.77A = 23100 So, A = 30000 So, amount invested at compound interest = Rs.30,000
In how many different ways can the letters of the word ‘PADDLED’ be arranged?
In a Group of 8 boys and 6 girls, Six children are to be selected. In how many different ways can they be selected such that at least one boy should be ...
In how many different ways can 6 boys and 3 girls to be seated in a row such that all the boys seated together and all the girls seated together?
11 people decided to spend an afternoon in two groups. A group of them decided to go to the theater and the remaining decided to play tennis. In how man...
Find total number of ways in which the word “POSSESSION” can be arranged.
In how many different ways can the letters of word ‘PUMPKIN’ be arranged?
Find the quantity of arrangements of the letters of the word INDEPENDENCE if all the vowels always occur together?
In how many ways can the letters of the word VOWEL can be arranged so that all the consonants occupy odd places, vowels come on even places?
Find the quantity of methods of picking 4 cards from a set of 52 playing cards if four cards are of the same unit?
...
A box contains 2 blue, 3 black and 5 orange balls. In how many ways can 3 balls be drawn from the box, if at least 1 black ball is to be included in the...
Relevant for Exams:
