Question
Rs. (x + 800) is invested at 12%
simple interest per annum for 5 years. The interest earned is Rs. (x - 320). If Rs. (x - 400) is invested at 8% simple interest per annum for 4 years, how much less will the interest earned be compared to the previous interest earned?Solution
ATQ,
Case I : Principal: x + 800 = 2000+800 = 2800 Interest: x − 320 = 2000 − 320 = 1680 Case II: Principal: x − 400 = 2000 − 400 = 1600 Interest: (1600×8×4)/100 = 512 Difference:1680 − 512 = 1168 Therefore, the second interest is Rs. 1168 less than the first.
The preparation of a trial balance is for:
Which of the following is not a requirement for an entity to be eligible to set up a payment bank in India?
Bills for collection are shown by the bank under which head?
How much stake did State Bank of India acquire in CCIL IFSC Limited?
In the MSME Sustainable (ZED) Certification Scheme, which aspect is primarily emphasized at the Silver Certification Level?
Pradhan Mantri Vaya Vandana Yojana (PMVVY) is one of the major Schemes of Government of India to protect the interest of the Senior citizens. What is t...
Which of the following types of companies are not permitted to set up operations in GIFT City's IFSC?
According to the provisions of Section 127 of the Companies Act, 2013, if a company fails to pay the dividend, within a period of 30 days from the date ...
Bharatmala is one of the major initiatives of the Government to take the nation towards sustainable and high economic growth. Which of the following co...
What is the role of the Credit Information Companies (CICs) in India?
