Question
Rs. 3,000 becomes Rs. 4,200 in 10 years at simple interest
of r% p.a. If Rs. 6,000 is invested at 0.5r% p.a. for 6 years, what will be the interest amount?Solution
ATQ,
Interest earned in 10 years = 4200 – 3000 = Rs. 1,200
Simple interest = Sum invested × rate of interest × time period in years ÷ 100
So, 1200 = 3000 × r × 10 ÷ 100
Or, r = 1200 ÷ (10 × 30)
So, r = 4
So, new rate of interest = 0.5 × 4 = 2% p.a.
So, required interest = 6000 × 2 × 6 ÷ 100 = Rs. 720
Who popularized Zero Budget Natural Farming (ZBNF) in India?
Which of these is NOT allowed under organic livestock farming?
Milk is known as complete food which is the rich source of Calcium, Phosphorus etc. but it lacks in
Which international body develops standards for food safety referred to in SPS?
Which of the following is a dicotyledonous weed?
Sampling of food articles for enforcement and surveillance, maintaining records of all inspections & maintaining a database of all Food Businesses is ...
APEDA’s HortiNet system is primarily used for the traceability of which produce?
What is the main emphasis of the ‘Principle of Ecology’ in organic farming?
What is the penalty for operating a food business without a valid FSSAI license?
India’s major trading partner for export of buffalo meat is:
Relevant for Exams:
