Question
A person 'P' invested Rs. 800 for
2 years at an interest rate of 'a'% per annum, Rs. 450 for 4 years at an interest rate of (a - 2)% per annum, and Rs. 1200 for 5 years at an interest rate of 5% per annum. The total simple interest earned was Rs. 604. Determine the value of 'a'.Solution
ATQ, 800 × 2 × a% + 450 × 4 × (a - 2)% + 1200 × 5 × 5% = 604 16a + 18a – 36 + 300 = 604 34a + 264 = 604 34a = 340 a = 10
- Which forest type is commonly known as 'Monsoon Forest'?
Which financial services company has recently introduced the Credit Pass, a groundbreaking credit monitoring offering in India, powered by the country's...
Which payment bank encountered limitations from the Reserve Bank of India due to "Violation of regulatory standards and failure to comply"?
Who has been appointed as the new Managing Director & CEO of Federal Bank in September 2024?
Which country received the first shipment of BrahMos missiles from India?
Regarding the Ayushman Bharat Digital Mission, consider the following statements:
I. It aims to provide universal health coverage by leveraging ...
In which of the following years did Antoine Lavoisier discover the law of conservation of mass?
The Ramganga River, a tributary of the Ganges, originates from which state?
Nation First Transit Card has been launched to provide seamless and convenient customer commuting experience and ensure easy digital ticketing fare paym...
The government is going to sell up to three per cent stake in Coal India Ltd through the offer for sale route. The sale of 3 per cent stake in Coal Indi...
Relevant for Exams:
