Asmita invested Rs. 3200 for 2 years at an annual simple interest rate of r%, while Shreya invested the same sum as Asmita for 2 years at an annual compound interest rate of r%, compounded annually. If the difference between the interest earned by Asmita and Shreya is Rs. 200, calculate the amount received by Asmita.
ATQ, Difference between the simple interest and compound interest for two years is given by PR2/1002 Where P = sum invested and R = rate of interest ATQ, Pr2/1002 = 200 Or, r2 = (200 × 100 × 100)/3200 = 625 Or, r = 25 (Since, rate cannot be negative) Therefore, amount received by ‘Asmita’ = {(3200 × 25 × 2)/100} + 3200 = Rs.4800
Vijay Diwas is celebrated on
’आराम हराम है ’ नारा किसने दिया था ?
What is the maximum limit for gold investing in a Sovereign Gold Bond Scheme by a trust?
वर्ष 2007 में रामदेवरा के जातरूओं से भरा ट्रक की भीषण दुर्घट...
1 dollar note with you when you are in India is a Fiat Money
Who founded Sulabh International Social Service Organisation in 1970?
Which of the following countries is not a part of Melanesia region in the pacific ocean?
Statue of Peace established in Srinagar, Jammu and Kashmir is related to which personality?
किस नदी को वागड व कांठल की गंगा कहा जाता है ?
Capital market helps in ownership distribution