Question
If ₹15,600 is invested at a
simple interest rate of (a + 12)% per annum and doubles in value over 5 years, determine the value of 'a'.Solution
ATQ, 15600 = [{15600 × (a + 12) × 5}/100] Or, 5a + 60 = 100 Or, 5a = 40 So, a = 8 Therefore, value of ‘a’ = 8 Alternate Solution Total interest earned in 5 years = 100% So, interest earned each year = (100/5) = 20% So, a + 12 = 20 Or, a = 8
How much money has been approved by the Union Cabinet for broadband connectivity in villages under bharatnet project?
Which of the following districts in India showed notable participation in women-owned MSMEs as of November 2024?
Who is the father of White Revolution?
Who from the Asian Region was recently named the winner of the GBP 5,000 Commonwealth Short Story Prize 2024 in London?
What is the name of the woman robot astronaut that will fly into space ahead of ISRO’s “Gaganyaan” mission?
Who was honored with the prestigious K.P.P. Nambiar Award by the IEEE Kerala Section?
The 7th Hockey Men's Asian Champions Trophy is being held in which city?
What is the theme of International Day of Democracy 2023, which is celebrated on 15th September every year?
Mobile application 'Rajmargyatra' has been launched by whom?
SIMBEX Exercise is being organized between the Navy of India and which country?
