Question
An individual invests ₹1,200 at a simple interest rate
of 5% per annum. After 2 years, they add ₹800 to the investment, and the total amount remains invested for another 3 years at the same rate. What is the total interest earned from both investments over the 5-year period?Solution
Interest on the Initial Deposit of 1,200 for the First 2 Years Principal after 2 Years = 1200 + 120 = 1320 And 800 is added additionally Total principal for investing for next 3 years = 1320+800 = 2120 Interest on the 2120 for the Remaining 3 Years
total interest earned over the entire 5-year period = 120+318 = 438
Which of the following Countries is not one of the Top % Crude Steel producing countries?
With the inclusion of Garba in 2023, how many cultural items from India have been featured on the UNESCO list of Intangible Cultural Heritage?
Who has been appointed as the new head of Parliament security?
Which of the following partnered with Israel based ISMC Analog Fab Pvt Limited to start semi conductor plant?
Digital locker and eKYC contribute to the advancement of a paperless work environment and fall within the paperless layer component of which of the foll...
What is India's current ranking on the World Bank's Logistic Performance Index (LPI) 2023?
What was India’s Direct Tax collection for the previous financial year (2023-24)?
Match list I with list II.
Revitalising Infrastructure and Systems in Education (RISE) is a Government scheme aimed at ______.
Vibration or wave caused by the sudden movement of tectonic plates within the earth that can travel through and around the earth is called: