Question
Jeeva invested Rs. 30,000 at a compound interest rate of
24% per annum, compounded annually, for 2 years. After these two years, she decided to utilize the interest she earned to purchase Tata Stocks. If each unit of Tata Stocks costs Rs. 4,800, how many units of the stock can she acquire using the entirety of her interest earnings?Solution
ATQ, Amount received by Jeeva after 2 years = 30000 × (1.24)2 = Rs.46,128 So, interest earned by Jeeva after 2 years = 46,128 – 30,000 = Rs. 16,128 So, quantity of Tata stocks that Jeeva can buy is = 16,128 ÷ 4800 = 3.36 units
Three partners Karan, Arjun and Mukesh invest Rs 75,000, Rs 90,000, Rs 1,05,000 respectively in a business. Karan receives 12.5% of the profit as Manage...
‘M’ started a business with an investment of Rs. 3000. After 8 months ‘N’ joins the business with an investment of Rs. 2500. If the total profit...
Out of their respective monthly salaries, Soma spends 7/8 and Tina spends 4/5 on various expenses. The salary remaining with Tina after the expenses is ...
- Arun and Meena start a business with investments in the ratio 7:3 respectively. After 4 months, Neha joins with an amount equal to the average of both. If ...
R and S started a business with investments of Rs. ___ and Rs. ___, respectively. After 4 months, X joined them with a capital of Rs. 24,000. After anot...
A and B start a business by investing Rs 40,000 and Rs 60,000 respectively. After 4 months, C joins with Rs 50,000. At the end of one year, the total pr...
A, B and C invest in the ratio 3 : 4 : 5 . After 4 months , A withdraws 1/3 of his capital , B increases his capital by 25% , and C reduces his ...
The investments of A and B in a partnership are Rs. 6000 and Rs. 10000. B withdraws 40% of initial investment after T months. If annual profit is Rs. 70...
Rajiv, Sanju and Tanu started a business with the investment of Rs. (z-400), (z-1000) and (z+200) respectively. After four months, Rajiv decreased his i...
‘P’ and ‘Q’ started a business with investment of Rs. 3,000 and Rs. 4,200, respectively. After 8 months, ‘P’ increased his investment by Rs...
