Question
Anil initiated his financial journey by investing Rs.
7500 in a Contra fund, which offered a simple interest rate of 18% per annum for a duration of 2 years. After this period, he harnessed the compounded power of the accumulated amount by transferring it to another fund with an interest rate of 20% per annum, compounded annually, for 2 years. Determine the total interest earned by Anil at the end of four years ?Solution
ATQ, Amount accumulated after 2 years = 7500 × 0.18 × 2 + 7500 = 2700 + 7500 = Rs. 10200 Amount accumulated after 4 years = 10200 × [(1.2)2 – 1] = 10200 × 0.44 = Rs. 4488 Hence Required interest = 10200 + 4488 – 7500 =  Rs.7188
Which of the element is found in abundant quantity after ashing of tobacco leaf:
Black heart, a physiological disorder, is associated with which crop?
Apical dominance in plans is due to the presence of
Which of the following is a key objective of effective irrigation water management in Agriculture and Agribusiness?
Durgapura Kesar is an important cultivator of:Â
In the context of integrated nutrient management, which of the following green manure crops is most widely used in rice-based systems due to its fast gr...
Which disease(s) induce floral abnormalities?
Which fatty acid in mustard oil imparts longer shelf life?
Which group of crops is more suited for organic farming in Bundelkhand region of Uttar Pradesh?
In the process of communication which of the following is audio aid?
Relevant for Exams:
