Question
What is the total amount received from an investment of
Rs. 8,000 for a period of 18 months, if the compound interest is calculated at 18% per annum and compounded semi-annually (once every 9 months)?Solution
Number of times the interest is compounded = 18 ÷ 9 = 2
Rate of interest = 18 X (9/12) = 13.5%
So, total amount received = 8000 X {1 + (13.5/100)} 2
= 8000 X 1.135 2 = Rs. 10305.8
National Payments Corporation introduces ______ App open-source license model to regulated entities that do not have a UPI app of their own?
Satpura National Park is located in which state?
In the event of the death of the girl child, what happens to the Sukanya Samridhi Account?
Who won the Men's Player of the Month award for the month of February?
Who was announced as the ECI National PwD Icon to promote voter education and inclusivity?
Consider the following statements about SAMAR System:
1. Indian Navy has successfully test fired the 'SAMAR' missile system recently....
What is the primary objective of the Meri Maati, Mera Desh campaign launched by the Union government as part of the Azadi Ka Amrit Mahotsav celebration?...
What is the name of the platform the Indian government is launching to centralize startup resources and collaboration?
Who inaugurated India’s first Airport Indoor Air Quality Monitor at Thiruvananthapuram International Airport?
The third edition of the multilateral exercise La Perouse is being organized from 13 to 14 March 2023 in the Indian Ocean region .Which among the follow...
