Question
Mandeep took a loan of Rs. 7,300 from his friend Sandeep
on 16th March. The loan accrues simple interest at an annual rate of 20%. Calculate the total amount Mandeep needs to repay if he settles the loan on 30th May.Solution
Time for which Mandeep borrowed amount = 15 + 30 + 30 = 75 days Simple interest = Principal X rate X time ÷ 36500, when time is in days Interest charged = 7,300 X 20 X 75 ÷ 36500 = Rs. 300 Therefore, required amount = 7,300 + 300 = Rs. 7,600
The United Nations estimated the number of poor people in India to be around _______ million in 2019.
Who among the following ranked fifth ?
Who has been appointed as the new chairman of the Central Board of Direct Taxes in June 2022?
In which country was the Pacific Endeavor-2018, a communication exercise under the Multinational Communications Interoperability Program (MCIP), held in...
Which of the following taxes is proportional in nature?
The Quit India Movement started in the year:
What is the diameter size range of the virus?
What is the naval version of the Iron Dome air defense system called? Â
Which sport uses terms like "fine leg," "gully," and "midwicket"?
Which of the following styles of temple architecture was developed between Himalaya to Vindhya?
Relevant for Exams:
