Question
Ajay invested a sum of money, represented as Rs. 'x', in
a financial plan that yields a 10% annual compound interest. After three years, the total interest accrued amounted to Rs. 3,641. Determine the initial amount 'x' that Ajay invested.Solution
Interest earned by Ajay = x × {(1 + 0.10)3 – 1} = 3641 x{(1.1)3 – 1} = 3641 0.331x = 3641 x = 11000 So, the value of x is Rs. 11,000 Hence, option c.
Which type of parthenocarpy is observed in Banana?Â
Where is the Southern Region Farm Machinery Training and Testing located?
Kissan Call Center (KCC) was started in India in the year
What was the main objective of the MAHARISHI initiative launched at MACS 2023?
National Income means
Pyricularin produced by Pyricularia oryzae causes:
Which of the following converts the reciprocating motion of the piston into rotary motion of the flywheel?
In which year was the Technology Mission on Cotton launched in India?
Which method is used to remove large sticks and burrs from freshly harvested cotton?
The term crop logging refers to
Relevant for Exams:
