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
ICICI Bank, has notified that it is going to increase its stake in ICICI Lombard General Insurance by four percent in multiple tranches.At present, the ...
A group of countries made a joint agreement to build the India-Middle East-Europe Economic Corridor, which of the following countries is not a part of it?
Which of the following is not considered as part of the All India Financial Institutions (AIFI) group, a collection of key financial regulatory bodies w...
Which bank's subsidiary recently launched the mobile banking app 'Money2India (Canada)' for seamless 24/7 fund transfers to any Indian bank without the ...
The requirement for Reporting Entities (REs) to release all original movable/immovable property documents and remove charges registered within 30 days a...
The Ministry of Defence recently signed an MoU to establish three state-of-the-art testing facilities in Chennai, covering Unmanned Aerial Systems (UAS)...
Gujarat Titans is the official name of the new Ahmedabad franchise owned by CVC Capital. The team will be led by __________.
- What was Syed Abid Ali’s total number of runs scored in Test matches?
Spice Money, the rural fintech company, announced building a digital financial services platform for consumers from rural and semi-urban India in partne...
The International Court of Justice is located in:
Relevant for Exams:
