Question
Santosh invested Rs.9000 in a scheme for 6 years which
is offering 15% simple interest. The amount received after 6 years from scheme B has been invested in another scheme offering 20% compound interest for one and half years, compounded half yearly. What will be the amount (approx.) received to Santosh after seven and half years?Solution
Simple interest earned by Santosh in 6 years at rate of 15% = (9000*15*6)/100 = Rs. 8100 Total amount earned by Santosh after 6 years = Rs. 9000+ Rs. 8100 = Rs. 17100 Amount received after investing in a scheme offering compound interest at rate of 20% compounded half yearly after one and half years. R = 10%, n = 3 A = 17100*(1+(10/100))3 A= 17100*1.331 A= Rs. 22760.1
Recently scientists of which institute of India have discovered a new star?
Prime Minister Narendra Modi laid the foundation stone of Ganga Expressway in ___________.
What advanced technology does the Project 17A stealth frigate, Nilgiri, incorporate?
The centre government inked an agreement with Tata Consultancy Services Ltd for the ____________ phase of the Passport Seva Programme.
The Reserve Bank has harmonised the provisioning norms for standard assets applicable to all categories of urban cooperative banks (UCBs). Under this,ad...
Who has recently assumed the role of Principal Director General of Akashvani and News Services Division?
What is the rank of Microsoft’s CEO Satya Nadella in highly compensated CEOs on the Fortune 500 list?
Recently, the Financial Action Task Force (FATF) has included India in which category?
What was the percentage of the reservation increase struck down by the Patna High Court for Backward Classes, Extremely Backward Classes, Scheduled Cast...
______________ have emerged as top three states in terms of registration of electric vehicles in India.
