Question
A sum is invested at a certain rate (p.a.) of compound
interest (compounded annually). The interest earned after 1st year and after 2 years of investment is Rs. 2,500 and Rs. 2,875. Find the rate of interest per annum.Solution
ATQ,
Interest received in 2nd year = 2875 - 2500 = Rs. 375, which is equal to
interest earned on Rs. 2,500.
Rate of interest = (375/2500) × 100 = 15%
Which of the following statements is/are correct about the Union Cabinet’s approved schemes for farmers?
1. Digital Agriculture Mission (DAM) f...
Silicon Valley-based The Indus Entrepreneurs (TiE) has named _______________ as the ‘Global Entrepreneur of the Year’ in business transforma...
Why did China ban the export of technology related to rare earths?
How many Olive Ridley turtles were protected during Operation Olivia’s February 2025 nesting at Rushikulya river mouth?
- Who was on a Mt. Kanchenjunga expedition and received the 2024 MacGregor Medal in absentia?
Cauvery South Wildlife Sanctuary is in which of the following states?
Which method was used to date the cave painting in the Leang Karampuang cave?
How many international visitors from Election Management Bodies (EMBs) of various countries arrived in India on the Election Commission of India's (ECI)...
What was the projected growth rate of India's GDP according to Moody's Analytics for the year 2024?
What is the penalty amount imposed by the Reserve Bank of India (RBI) on Paytm Payments Bank for non-compliance with KYC directions, cybersecurity guide...
