Question
A sum of money is invested at an annual simple interest
rate of 5%. After 'T' years, the interest accrued is Rs. 82, and the total amount is Rs. 902. Determine the duration 'T' for which the money was invested.Solution
ATQ, Sum invested = amount earned - interest received = 902 - 82 = Rs. 820 Using, Simple interest = (sum invested X time X rate) ÷ 100 82 = 820 X 0.05 X T Or, (82/820) = 0.05T Or, 0.1 = 0.05T Or, 0.1 ÷ 0.05 = T Or, T = 2
NAHB related to?
Whose birth anniversary has been declared as a public holiday this year by the Government in April?
Which type of soil is known for providing valuable building material?
Which personality was not included in the list of Uttarakhand Gaurav Samman 2022?
Which country hosted the multinational peacekeeping exercise 'Khaan Quest' in 2024?
Who has been appointed as the 38th Chief Justice of the High Court of Jammu & Kashmir and Ladakh?
Who was the first Governor to sign in Indian currency?
Consider the following statements in relation to Finance Commission:
1. It is established under Article 280.Â
2. It is a quasi-judicial b...
In which year was the Insurance Regulatory and Development Authority of India (IRDAI) established?
What is the total stake of SBI in Jio Payment Bank?