Question
A person invests ₹25,000 in a scheme offering 12%
annual simple interest. After 3 years, the amount is withdrawn and some amount invested in another scheme offering 15% annual simple interest. If the total interest earned after 8 years is ₹13,500, find the principal amount invested in the second scheme.Solution
Interest from the first scheme: Simple Interest = P × R × T / 100 = 25,000 × 12 × 3 / 100 = ₹9,000 Total interest earned = ₹13,500 Interest from the second scheme = ₹13,500 - ₹9,000 = ₹4,500 Let the principal in the second scheme be P. Simple Interest = P × 15 × 5 / 100 = P × 75 / 100 = 3P / 4 3P / 4 = 4,500 P = 4,500 × 4 / 3 P = ₹6,000 Thus, the principal invested in the second scheme is ₹6,000.
What role do emotions play in interpersonal communication?
What is the primary purpose of the "Golden Rule" in ethics?
What is a common strategy for career advancement?
What is the primary purpose of project appraisal?
Neutrality is often emphasized in the work of:
What does an ethical organizational structure promote in terms of communication?
What role do values play in decision-making?
What is the behavioral component of attitudes related to?
What is the significance of the ethical principle of responsibility and accountability in business ethics?
What is the primary focus of the procurement process?
