Question
A sum of money becomes ₹12,000 in 2 years and
₹14,400 in 4 years at simple interest. What is the rate of interest per annum?Solution
Difference in amount for 2 years = ₹14,400 - ₹12,000 = ₹2,400. Interest for 2 years = ₹2,400. Interest for 1 year = ₹2,400 ÷ 2 = ₹1,200. Principal = ₹12,000 - ₹2,400 = ₹9,600. Rate of interest = (Interest × 100) ÷ (Principal × Time) = (1,200 × 100) ÷ (9,600 × 1) = 12.5%.
Which of the following statements is/are true regarding the revised per kilogramme subsidy under the nutrient-based regime?
I. The Union Cabinet ...
What does BRO stand for in the context of Indian infrastructure?
What is the time frame estimated for completing the tiger safari project in Jharkhand once approved?
From which year was the International Day of Peace permanently marked on 21st September?
When was the PM E-DRIVE scheme officially launched?
What is the rank of India in the Energy Transition Index released by the World Economic Forum?
What was the focus of the conference organized at Kochi?
Who won gold in the women’s triple jump at the same championship?
What was the theme of the 28th International Sindhi Conference recently hosted in Dubai?
The Fifth Schedule of the Indian Constitution applies to the administration and control of Scheduled Areas and Tribes in states excluding which of the f...
