Question
A certain sum is invested at an interest rate of 24% per
annum, compounded annually, for 2 years, and the compound interest earned after this period is Rs. 6,720. What is the initial sum that was invested?Solution
Let the sum invested be Rs. 'P'. CI = P X (1 + rate/100)t - P Or, 6,720 = P X 1.242 - P Or, 6,720 = 1.5376P - P Or, 6,720 = 0.5376P Or, 'P' = 6720 ÷ 0.5376 So, 'P' = 12,500
Who was the Secretary of State for India during the Morley-Minto Reforms in 1909?
Under which Article of the Indian Constitution can a Governor promulgate an ordinance?
Which of the given statements is/are the after effects of the Quit India movement?
1. After the Quit India Movement, the British realized that...
With reference to the Mountbatten Plan, consider the following statements.
1. Also known as the 3rd June plan.
2. Referendum for North Wes...
In what year did the Dandi March commence?
Dara Shikoh was killed in conflict with his brother _______________.
What does the term ‘dastak’ refer to?
In which year did the Battle of Buxar take place?
Which of the above statements is/are correct?
Consider the following movements and arrange them in chronological order:
1. Eka Movement.
2. Tebhaga Movement.
3. Bardoli S...
Relevant for Exams:
