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
India has ______ LEED Zero certified projects, comprising 45 percent of the more than 150 total LEED Zero certifications, with Haryana and Tamil Nadu le...
Recently the Netherlands and India have the 11th Foreign Office Consultations in which of the following places?
The ICCW service empowers bank customers who are active on UPI to conveniently withdraw cash from Bank ATMs designated for UPI-ATM - ICCW transactions, ...
abrdn, a part of the promoter group of HDFC Life, is selling its entire stake in the firm as part of a block deal.The block sale would fetch abrdn _____...
What is the primary objective of the Green Fuels Alliance India (GFAI) launched by Denmark in collaboration with India?
Which country has officially declared the snow leopard as its national symbol?
The Reserve Bank of India (RBI) recently launched an exclusive 2-hour window called _________ for fintech companies to visit the RBI's FinTech departmen...
The Reserve Bank of India has imposed how much penalty on Axis Bank for failure to comply with Know Your Customer (KYC) regulations after RBI’s Inspec...
On the birth anniversary of first woman Prime Minister Indira Gandhi the Rajasthan government has launched the free sanitary pads for women scheme, name...
In 2022 John F. Clauser got the Nobel Prize in which category?
