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
More Simple and compound interest Questions
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(22² × 8²) ÷ (92.4 ÷ 4.2) =? × 32
42% of 400 + 38% of 800 + ?2 = 728
What will come in place of (?) in the given expression.
{(60% of 250) + √144} ÷ (3² - 4) = ?- What will come in place of (?) in the given expression.
√324 + √121 – √49 = ? Determine the simplified value of following expression:
0.998 + 0.882 + 0.12
√225 + 27 × 10 + ? = 320
(26)2 = {(20% of 40% of 18200) ÷ ?} × 1664 ÷ 128
(2 ÷ 3) × (4 ÷ 12) × (? ÷ 10) × 45 × (1 ÷ 5) = (? ÷ 6) + (2 ÷ 5)
What is the value of 143 + 163 + 183 + … + 303?
