Question
Ankit invested a total of Rs. 63,000 between two SIPs:
'P', offering 10% compound interest compounded annually, and 'Q', offering 12% simple interest per annum. If the total interest earned by Ankit after three years from both investments is Rs. 21,723, determine how much percent less or more the amount invested in SIP 'P' is compared to the amount invested in SIP 'Q'.Solution
ATQ, Let the amount invested on SIP 'P' be Rs. ‘p’. So, the amount invested on SIP 'Q' = Rs. (63,000 – p) Interest earned from SIP 'P' = p × {(1 + 0.10)³ – 1} = Rs. 0.331p Interest earned from Sip Q = (63000 – p) × 0.12 × 3 = Rs. (22680 – 0.36p) So, 0.331p + 22680 – 0.36p = 21723 0.029p = 957 p = 33,000 So, the amount invested in SIP P and Q are Rs. 33,000 and Rs. 30,000 respectively. So, the desired % = {(33000 – 30000)/30000} × 100 = 3000/300 = 10%
With reference to India’s Relations with Singapore, consider the following statements:
I.        Singapore is among India's largest ...
Personal disposable income is :Â
Which of the following establishments is/are exempted from the application of EPF and Misc Act 1952?Â
I.        Establishments register...
Which perspective recognizes the importance of the government in labour-management disputes?Â
What type of economy does India have?
In which year of amendment, the list of Unfair Labour Practices was adopted in Industrial Dispute Act 1947?
Match the following correctly;
According to the Trade Union Act 1926, Who needs to sign the notice of dissolution if a Trade Union decides to dissolve?Â
Gilt-edged market means
...Which one of the following is at the last position in terms of establishment-
Relevant for Exams:
