Question
A man invested Rs. 25,000 at simple interest of 12% p.a.
If he had instead invested the same sum on compound interest of 12% p.a., compounded annually, then how much more he would have earned as interest after 3 years?Solution
ATQ, Simple interest = Sum × (rate of interest/100) × (time in years) Simple interest earned in three years = 25,000 × (12/100) × 3 = Rs. 9,000\ Compound interest earned in three years: = 25,000 × {1 + (12/100)}³ - 25,000 = 25,000 × (1.12)³ - 25,000 = 25,000 × 1.404928 - 25,000 = Rs. 35,123.2 - 25,000 = Rs. 10,123.2 So, required difference = 10,123.2 - 9,000 = Rs. 1,123.2
Crop innocuous biuret content (%) of urea for foliar spray is:
Virus that infect plants mostly have genetic material in the form of
Enzymes are by nature:
Which cotton species is recognized as "American cotton" or "Upland cotton" and has an allelotetraploid chromosome number?
What is the term for the angle at which the plane of the cutting edge of a disc in a disc plough is inclined to the direction of travel?
IADP was launched to have higher production of crops in the area of:
The Livestock Census is a critical exercise for assessing the status and health of the livestock sector in India. It provides comprehensive data on the ...
Soil nutrient deficiencies can manifest in various ways, affecting crop health and yield. Which specific deficiency in rice crops is linked to Khaira di...
Grouping of two or more than two consumers for a product or service so that their needs are better served, can be defined as-
Based on mode of organization and functioning groups are classified as:
Relevant for Exams:
