Question
Kiran lent Rs. 40,000 to a friend at a compound interest
rate of 'b%' per annum, compounded annually. After one year, the friend returned Rs. 44,800. If Kiran had lent the money at simple interest of (b + 2)% per annum instead, how much interest would he have earned?Solution
ATQ, Determine the compound interest rate 'b': 
Compute the simple interest: 
The interest earned would have been Rs.5600.
Consider the following pairs:
-ACIO-Tier-1/1701841242-IBimage3.PNG)
What is the payload capacity, in grams, of the SSLV (Small Satellite Launch Vehicle) mission that has been making headlines in August 2022?
Who has been appointed as the Goodwill Ambassador for the All Living Things Environmental Film Festival (ALT EFF) 2024?
Consider the following statements about White hydrogen:
1. Recently scientists discovered large reservoir of white hydrogen in Italy
2.�...
Which country is releasing the world's first banknotes with holographic windows?
The Sindhu Shikhar car rally aims to spread awareness about what aspect of India's heritage?
Which of the following amendments to the Indian Constitution required the state to promote voluntary formation, autonomous functioning, democratic contr...
When is National Javelin Day celebrated annually?
What is the theme of World Glaucoma Day 2024?
The Asian Development Bank (ADB) is set to construct 25-mw solar power plant in which state?
Relevant for Exams:
