Question
The compound interest on a certain amount for 2 years at
4% per annum is ₹ 1,020, if interest is compounded annually. Find the simple interest on that amount for 2 years at 4% per annum?Solution
Solution-
Let the principal amount =1000
Compound interest on 1000 Rs for 2 years at 4%=81.6
ATQ-
81.6=1020
1=1020/81.6
1000= (1020/81.6) ×1000
P=12500
Now- Simple interest for 2 years at 4% per annum
=(12500×2×4)/100
=1000Rs.
What is the primary objective of the MoU signed between REC Limited and Punjab National Bank (PNB)?
“Veer Guardian Exercise - 2023” is a bilateral air force exercise that is supposed to be held from 16th to 26th January.
Which of the following Physicist co written relativity theory manuscripts sold for how much dollars?
What new initiative did Hero MotoCorp launch as part of the Open Network for Digital Commerce (ONDC)?
Which of these has become the winner of LIVA MISS DIVA UNIVERSE 2022?
Premium Payroll Package for the Salary account holders with competitive features has been introduced to meet all Banking requirements of Salaried Cust...
Where was the Artara’24 Fine Arts Exhibition and Competition held?
Which major nuclear site in Iran was reported heavily damaged during Israel’s Operation Rising Lion?
Where are the headquarters of the Organisation for Economic Cooperation and Development?
To boost corporate governance norms, SEBI has notified rules introducing special rights to unitholders of REITs who can now nominate representatives on ...
Relevant for Exams:
