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
How is the mother of J related to the daughter of H?
G is the daughter of H. F is the only daughter of N but N is not the father of F. I is the son of P and brother of F. How is P related to F if H is the ...
Who is the grandmother of S? Â
How is L related to N?
All the six members L, M, N, O, P and Q of the family live together. L is the father-in-law of P. L is married to Q. M is the only daughter of Q. N is t...
If father of V is brother of mother of W’s wife’s brother. How is sister of husband of mother of V related to W’s son’s mother’s brother’s ...
How is G related to E?
Study the information carefully and answer the questions accordingly.
There are nine members in a family with four females and two married coup...
How I related to F?
In a family of six members, C is the daughter of U’s daughter only brother. E is the daughter-in-law of L, who is husband of U. Z is brother of B, the...
