Question
The simple interest earned on investing Rs. (80X + 2000)
at simple interest of 15% p.a. for 36 months is Rs. 576 less than the total amount received on investing Rs. (64X + 300) for 90 months at simple interest of 8% p.a. What will be the interest received on investing Rs. 16000 for 2 years at simple interest of 'X%'?Solution
Simple interest earned investing Rs. (80X + 2000)= (80X + 2000) X 0.15 X (36/12) = (36X + 900) Total amount received on investing Rs. (64X + 300)= (64X + 300) + {(64X + 300) X 0.08 X (90/12) } = (64X + 300) + (38.4X + 180) = Rs. (102.4X + 480) Given that, 36X + 900 + 576 = 102.4X + 480 Or, 66.4X = 996 Or X = 996 ÷ 66.4 = 15 So, required simple interest = 16000 X 2 X 0.15 = Rs. 4800
What is the maximum mission range achieved by the Rudrastra hybrid UAV during trials in Pokharan?Â
What change has the Insurance Regulatory and Development Authority of India (IRDAI) made regarding the arbitration clause in general insurance?
Who curated the exhibitions 'Imag(in)ing the Immediate' and 'The Afghan Journal' at Rabhindra Bhavan?
Global Innovation Policy Center of the U.S. Chamber of Commerce has come up with International IP Index 2022. Which of the following country is not in t...
What is the trainer development target at the block level under the Adi Karmyogi programme?
The IRDAI introduced new guidelines for which aspect of travel insurance in early 2025?
To enable online digital darshan of 12 Jyotirlingas and 4 Dhams from any location for the general public the Ministry of Culture has launched a web port...
In test match cricket, how many minimum overs can a team play in a day?
What is the projected GDP growth rate for India for FY25 as per Morgan Stanley?
Where is the headquarters of Moody’s Investors Service?
