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.
The Prime Minister of India Shri Narendra Modi visited which state to unveil Shri Adi Shankaracharya Samadhi and the statue in_____?
Eklavya Model Residential School (EMRS) is being implemented as a central sector scheme to provide quality education to the students of which category?
Which Indian company recently signed the European Commission's AI Pact?
What is the primary goal of the Election Commission of India's "Mission 414" initiative in Himachal Pradesh?
 Who is the new brand ambassador of the state Uttarakhand?
In which year was the National Malaria Control Programme launched?
What was a key outcome of the India-Mozambique-Tanzania Trilateral Exercise (IMT TRILAT 24)?
Out of the Rs.1.3 trillion to be given as long term loans for capex needs to the states, how much has been decided to be kept as untied funds by the c...
Which of the following books was written by Jawaharlal Nehru?
With reference to the Index of Industrial Production (IIP), consider the following statements:
       I.           This index...
Relevant for Exams:
