Question
An amount of Rs. 3,000 is invested for 2 years at a
compound interest rate of 10% per annum. The interest gained is used to buy an item. If the item is then sold at a gain of 20%, determine its selling price.Solution
ATQ,
Compound interest earned = 3000 × {1 + (10/100)}² – 3000
= 3000 × (1.1)² – 3000
= 3000 × 1.21 – 3000 = 3630 – 3000 = Rs. 630
Selling price of the item = 630 × 1.20 = Rs. 756
Which state government has launched the Mukhyamantri Kanya Sumangala Yojana, a scheme aimed at empowering girls and promoting their financial inclusion,...
Which state became the first in India to declare itself free of extreme poverty?
Which one of the following schemes is aimed at all-round development of adolescent girls in the age group of 11-18 years and making them self-reliant?
Madhya Pradesh Chief Minister Shivraj Singh Chouhan increased the financial assistance under the Ladli Behna Scheme and announced additional benefits fo...
Who was appointed as the interim MD & CEO of Bandhan Bank effective from July 10?
On which date was the Param Vir Dirgha inaugurated at Rashtrapati Bhavan?
Kalpathi Ratholsavam festival is celebrated in which state?
Who is the author of the recently released Queen of Fire book?
Examine the following statements and identify the correct one:
"The Centre has accorded Authorised Economic Operator (AEO) status to the gem an...
What is the main source of nitrous oxide emissions in India?
