Question
A total of Rs. 14,500 is divided between two
individuals, 'A' and 'B', in the proportion 16:13. If 'B' decides to invest his share in a financial scheme that yields a compound interest of 20% per annum, compounded annually, what will be the value of 'B's investment after two years?Solution
Amount received by 'B' = 14500 x (13/29) = Rs. 6500 So, total amount received by 'B' after 2 years = 6500 x {(1 + (20/100)}2 = Rs. 9360 Hence, option c.
Lata Deenanath Mangeshkar Award in the memory of Late Lata Mangeshkar is being bestowed upon?
What is the AIIB’s target for the share of private-sector financing by 2030?
The United Nations Development Programme (UNDP) and the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) entered into a collabor...
India's first international cruise ship - MV Empress has been flagged off for which country?
- According to UNCTAD, what is the GDP growth rate projected for the United States in 2025?
Kaivalya Vohra (21) and Aadit Palicha (22) secured the leading positions in the Hurun India Top 100 Under 30 List 2023. What is the name of the company ...
PM Modi laid the foundation stone for the National Institute for One Health in which city?
Who was named Time Magzine’s 2021 Athlete of the Year?
Which startup of India has won Earthshot Prize 2022?
____________ government has announced the implementation of Mukhyamantri Ration Aapke Dwar Yojana in the state from November.
Relevant for Exams:
