Question
A woman lent Rs. 29500 at 13% p.a. compound interest,
compounded annually for two years. After two years, the total amount earned by the woman is again lent for 2 years at 19% p.a. simple interest. What is the total interest earned by the woman in 4 years?Solution
ATQ, Amount earned by the person in 2 years = 29500 × (1.13)² = Rs. 37616.85 Compound interest earned by the woman = 37616.85 – 29500 = Rs. 8116.85 Simple interest earned by the woman = (37616.85 × 19 × 2)/100 = Rs. 14254.41 Total interest earned = 8116.85 + 14254.41 = Rs. 22371.26
Which of the following rivers in the world does not have a single bridge across it?
Vengi, the capital city of the Eastern Chalukyas, is identified with which one of the following places?
What was the rank of India in the 'Henley Passport Index-2023' released in January- 2023?
Which of the following accounts is mandatory to make investments in securities in India?
Which of the following is NOT an example of small savings?
What is the current FIFA Ranking of the Indian football team, as of [current year]?
Asexual reproduction takes place through budding in-Â
In what form did the Indian government introduce the Windfall Tax on July 1st, 2022, to address the shortage of energy products on the domestic market?
Where did the 14th Global Immigration Summit take place?
Where was the 47th meeting of the GST Council held on 28th and 29th June, 2022, under the chairmanship of the Union Finance & Corporate Affairs Ministe...
Relevant for Exams:
