Question
A sum of Rs. 10,000 is invested at a rate of 8% per
annum for 3 years. What will be the difference between the compound interest compounded annually and simple interest at the end of 3 years?Solution
Simple interest (SI) = (P × R × T) / 100 = (10,000 × 8 × 3) / 100 = Rs. 2,400 Compound interest (CI) = P(1 + R/100)^T - P CI = 10,000(1 + 8/100)^3 - 10,000 CI = 10,000(1.08)^3 - 10,000 = 10,000(1.259712) - 10,000 = Rs. 2,597.12 Difference = Rs. 2,597.12 - Rs. 2,400 = Rs. 197.12 Answer: c) Rs. 197.1
Which country had topped the "World Happiness Index" for the year 2023 ?
_______________ is the name given to the local winds that blow during the hot season in Eastern India. They are also called "Norwesters"
Which of the following statements is/are correct about Unified District Information System for Education+ (UDISE+)?
I. UDISE+ is one of the large...
With whom will NPCI International Payments Limited tie up for cross border transactions?
Who has been recently appointed as the Chairperson of the Union Public Service Commission (UPSC)?
Population dividend’ refers to:
1. The proportion of working people is high
2. More people have the potential to be productive
3....
Which team emerged as the winners of the 13th Hockey India Sub Junior Women National Championship 2023?
Consider the following statements about LCH Prachand:
1. It is India’s first indigenous multi-role combat helicopter
2. It is equipped...
India ranked __________ in the Global Innovation Index (GII) 2024, which ranks 133 global economies.
Red panda is ‘state animal’ of which Indian state?
