Question
Mohan invests ₹8,000 each in two different schemes,
'A' and 'B', for a duration of 2 years. Scheme 'A' provides compound interest at an annual rate of 16% (compounded yearly), while Scheme 'B' offers simple interest at the same annual rate of 16%. Calculate the difference in the total interest earned from Scheme 'A' compared to Scheme 'B'.Solution
When Rs. 'P' each is invested at 'R'% p.a. for 2 years on compound interest and simple interest, then difference between interest = P x (R/100) 2 Therefore, required difference = 8,000 x (16/100) 2 = 8,000 x (256/10,000) = Rs. 204.8
A cyclist travels at a speed of 20 km/h. After riding for 2 hours, he stops for 30 minutes and then continues to ride at a speed of 15 km/h for another ...
The average weight of 12 children rises by 2.15 kg after one of the children, who weighs 56 kg, is replaced by a new child. What is the weight of the ne...
How can you freeze both rows and columns in an Excel spreadsheet?
The equation of the plane passing through the point (2,−1,3) and having direction ratios (1,4,−2) is:
The shortest distance between skew lines can be found using:
The 5th term of a GP is 48 and the 8th term is 384. Find the first term.
In what time will Rs. 25000 amount to Rs. 26530.20 @ 4% compound interest payable half-yearly?
If the total market size is ₹37,500 million, what is the market share value of Company B?
Relevant for Exams:
