Question
Ramesh invested Rs. 8,000 in scheme ‘X’ offering simple
interest of 15% p.a. After 3 years, he reinvested the total interest earned from scheme ‘X’ in scheme ‘Y’ offering compound interest of 8% p.a compounded annually. Calculate the total amount received from scheme ‘Y’ after 2 years.Solution
ATQ,
Interest received from scheme ‘X’ = (8000 × 15 × 3) ÷ 100 = Rs. 3,600
Total amount received from scheme ‘Y’ = 3600 × {1 + (8/100)}² = 3600 × (108/100)²= 3600 × 1.1664 = Rs. 4,199.04
The marked price of an article is 30% higher than the cost price. If a trader sells the articles allowing 10% discount to customer, then the gain percen...
'S' earns 50% more than 'T'. 'S' and 'T' save 45% and 25% of their incomes. If the gap between their expenses is Rs. 1,200, how much does 'S' save?
In a certain school, 60% of the students are girls, and the rest are boys. If the number of boys in the school is 480, how many students are there in to...
Monthly savings of ‘A’ is Rs. 700 more than his monthly expenditure and his total monthly income is Rs. 6500. If his monthly income is increased by ...
Suyash have total amount of Rs.3000 out of which, he spent 25% on food, 40% of the rest on travelling. Out of remaining amount he spends Rs.620 on misce...
- Pooja spent 45% of her earnings on shopping, 55% of the remaining on house expenses, and the rest she saved. If her savings are Rs. 990, determine how much...
A person purchases 50 shares of a company at a price of Rs 80 per share. He sells part of these shares at a 25% profit and the rest at a 15% loss. If hi...
The total strength of school A is 20% more than that of school B. In school A and B, out of total number of students, 20% and 40% respectively are girls...
Monthly income of P is Rs.18000 and his monthly savings is Rs.12500. If his monthly income is decreased by 30% and monthly expenditure is decreased by 2...
- There are 1500 applicants for a fellowship program. 50% of them are shortlisted for the interview round. Out of those, 1/3 are international candidates. Ho...
