Question
The total amount in SIP 'X' after 3 years, invested at a
simple interest rate of 12% per annum, is Rs. 18,360. If an amount equal to 80% of the investment in SIP 'X' is invested for 2 years at a compound interest rate of 10% per annum, compounded annually, determine the interest earned.Solution
ATQ, Let the sum invested in SIP 'X' = Rs. '100a' Then, 100a × 3 × 12 ÷ 100 + 100× = 18360 Or, a = 18360 ÷ 136 = 135 So, 80% of sum invested in SIP 'X' = 13500 × 0.8 = Rs.10800 So, compound interest received = 10800 × {1 + (10/100)}2 - 10800 = 13068 - 10800 = Rs.2,268
Where is the Vivekanand Rock Memorial situated?
Where did the Prime Minister inaugurate the Pandit Deendayal Upadhyaya Institute of Archaeology in 2019?
The bare ground between plants is covered with a layer of organic matter in order to retain soil moisture. This method is called ______.
Which of the following statements is/are correct regarding the Arya Samaj and Swami Dayanand Saraswati?
Statement A: The original name of Swami D...
- Who is the first woman combat aviator in Indian Army in 2022?
Who among the following has won Golden Globe 2020 award for “Best Performance by an Actress in a Motion Picture – Drama”?
In which of the following writs does the court enquire into the legality of the claim, which a party asserts to a public office and ousts him from its e...
Who released Food Security Index?
Where did Gautam Budha preached his first Sermon in India?
What is the Bihar Literacy Rate at present?
