Question
A person invests Rs. ‘a’ in SIP A and Rs. ‘b’ in
SIP B. SIP A offers simple interest at 15% per annum, while SIP B offers compound interest at 20% per annum. After 3 years, the interest earned from SIP A is Rs. 5400, which is Rs. 4610 less than the interest earned from SIP B over the same period. Determine the value of (b – a).Solution
ATQ,
Simple interest from SIP 'A' = Rs. 5400 So, a × 0.15 × 3 = 5400 a = 12000 Compound interest from SIP 'B' = 5400 + 4610 = Rs. 10010 So, b × {(1.2)³ – 1} = 10010 0.728b = 10010 b = 13750 Therefore, (b – a) = 13750 – 12000 = Rs. 1750
Which entity launched the ship-to-ship LNG transfer initiative?
Which of the following reasons can be attributed to the excessive pressure on agricultural land in India?
a) right of inheritanceÂ
b) Siz...
India has targeted to achieve Sustainable Development Goals (SDGs) target of Maternal Mortality Ratio (MMR) of ____ maternal deaths per lakh live births...
According to the States' Startup Ranking 2021 in Category B which state was nominated as the ‘Best Performer’?
The Amount allocated to Atma Nirbhar Horticulture Clean Plant Program is Rs. ________?
Rajendra I was the son of which of the following Chola kings?
What is the percentage of Foreign Direct Investment (FDI) allowed in the space sector under the amended policy to attract potential foreign investors?
In which country can one witness the green aurora (Northern Lights)?
 Why was the National Investment and Infrastructure Fund (NIIF) created?
What is manganese used for ?
