Question
A woman invested a certain amount in scheme 'A' at
simple interest of 18% p.a. for 4 years. She then reinvested the total amount received in scheme 'B' which offered compound interest at 20% p.a. for 2 years. If she earned an interest of Rs. 23,040 from scheme 'B', find the amount she initially invested in scheme 'A'.Solution
ATQ,
Let the amount invested in scheme 'A' be Rs. p According to question; Simple interest from scheme 'A' = (p × 18 × 4) / 100 = (72p / 100) = (18p / 25) Total amount received = p + (18p / 25) = (43p / 25) ATQ; (43p / 25) × [ (1 + 20/100)² - 1 ] = 23040 ⇒ (43p / 25) × (44/100) = 23040 ⇒ 0.7568p = 23040 ⇒ p = 30440
- "This shift has resulted in a significant number of users forwarding unverified information."
This statement is: What did the 2016 World Health Organization (WHO) report on India’s healthcare workforce reveal?
What international factors point to a positive projection of India's GDP growth acceleration?
Why is it important that the benefit of AI reaches small farmers?
Choose the sentence/s that is/are true as per the passage.
I. Climate-induced migration is not a genuine occurrence; individuals are not compelle...
Statement : The Government will pay heed to the recommendation given by MadhavGadgil headed Western Ghats Ecology Expert Panel regarding the conservati...
As per this article, which of the following is/are true?
(A) PSBs saw the proportion of their gross non-performing assets to total advances almos...
Which of the following statements is correct, according to the passage?
Choose the word which is the most opposite in meaning to the word ‘vested’ as used in the passage.
Which of the following statements is definitely TRUE according to the passage?