Question
Rs. 3,300 is put into a savings scheme at a simple interest
rate of 36% per annum for 3 years. The maturity amount is then invested in a business venture that offers 25% compound interest per annum for 2 years. Find the final return from the business venture.Solution
ATQ,
Amount received from the savings scheme = (3300 × 0.36 × 3) + 3300 = Rs. 6,858
Amount received from the business venture = 6858(1 + 25/100)² = Rs. 10,717.50
What was India's foreign exchange reserve as of September 27, 2024, making India the fourth country to surpass this milestone?
Which initiative is the Nikshay Mitra associated with?
Which country withdrew from the United Nations World Tourism Organization in 2022?
The headquarters of the International Labour Organization (ILO) is located at:
On which date is the "United Nations Day for South-South Cooperation" celebrated?
Regarding Inter Tropical Convergence Zone (ITCZ), consider the following statements:
1. By July, the ITCZ shifts northwards roughly parallel t...
Which one of the following is INCORRECT
Where is the headquarters of the Asia-Pacific Economic Cooperation (APEC) located?
ढोलामारू रा दूहा के रचयिता है ?
Which prominent Indian personality is associated with the book 'Memories Never Die', recently unveiled by Union Minister Amit Shah?
Relevant for Exams:
