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
Statements:
Some cakes are biscuits.
Some biscuits are chocolates.
Conclusions:
I. Some biscuits are cakes.
II. S...
In a certain code language, 'CHILD' is written as ‘6169248' and 'GUEST' is written as '142153840'. How will 'BOOK' be written in that language?
If 16 July 2001 is Monday, then what will be the day of the week on 23 December 2006?
Suppose the first and the second letters of the English Alphabet exchange their places also third and the fourth and so on till the end. Then, if all vo...
Arrange the sentences in a sequence to make a coherent paragraph and choose the proper sequence from the given option:
A.It has offices at both B...
Statements:
All valleys are mountains.
No sea is a mountain.
Some plains are seas.
Conclusions:
I. Some valleys a...
A statement is followed by four conclusions. Which of the conclusions is/are true based on the given statement?
Statement:
I < M < F ≤ D...
Select the number from among the given options that can replace the question mark (?) in the following series.
86, 89, 95, 104, ?, 131, 149
Select the pair which follows the same pattern as that followed by the two set of pairs given below. Both pairs follow the same pattern.
DFG: IKL...
Which of the given figures when placed in the 5th position would continue the series that is established by the first four figures?
Relevant for Exams:
