Question
Sneha deposited Rs. ‘R’ in a bank offering compound
interest of 13% p.a. compounded annually. After 3 years, she invested the amount received from the bank in scheme ‘M’ and ‘N’ in the ratio of 4:3 respectively. Scheme ‘N’ offers compound interest of 17% p.a. compounded annually while scheme ‘M’ offers simple interest of 16% p.a. If total interest received by her from schemes M and N together at the end of 2 years is Rs. 3564, then find the value of ‘R’.Solution
ATQ Let amount invested in scheme ‘M’ and scheme ‘N’ be Rs. ‘4v’ and Rs. ‘3v’, respectively. So, 0.16 × 2 × 4v + 0.36 × 3v = 3564 Or, 1.28v + 1.08v = 3564 Or, 2.36v = 3564 Or, v = 1510.17 So, R = (4 × 1510.17 + 3 × 1510.17)/(1.13 × 1.13 × 1.13) = Rs. 8000
According to which of the following airlines some selected pilots will have the opportunity to work after retirement ?
Recently, who became the brand ambassador of the shoe brand PLAETO?
The Government of India's Ayushman Bharat Yojana health scheme is associated with which article of the Directive Principles of State Policy?
How many cargo vessels will Rhenus Logistics India deploy under its MoU with IWAI?
RBI’s bank Note Press is located in _____________.
Where is India's largest defence equipment exhibition, Defence Expo, being organized, focusing on Atmanirbhar Bharat Yojana?
The launch of ‘Bank Sakhi’ in the state of Odisha by which public sector bank?
Where was the second Jain Council held?
Obra Thermal Power Plant of Uttar Pradesh was established with the help of which of the following country?
Essar’s Power operational 400 kV inter-state transmission line in Madhya Pradesh to Chhattisgarh for Rs 1913 crore is being purchased by which group? ...
