Question
An amount of Rs. ‘P’ was invested at an interest
rate of ‘R%’ per annum, compounded annually. After 2 years, the compound interest earned was Rs. 2700 and the simple interest earned was Rs. 2400. What is the value of ‘P’?Solution
ATQ,
Simple interest for 1 year = 2400 ÷ 2 = Rs. 1200 Difference between compound interest and simple interest after 2 years = 2700 – 2400 = Rs. 300 So, R = (300 ÷ 1200) × 100 = 25% Now, P = 1200 ÷ 0.25 = Rs. 4800
Why was the Simon Commission, established in 1927, boycotted by the Indian National Congress?
Identify the correct statements about Indian Railways:
1. Indian Railways is the world’s largest railway system under single management.
The Third Sangam, a historical Tamil academy, was primarily conducted in which city?
- Which Governor-General during British rule initiated the appointment of Indians as judges?
Which sport is connected to the Japan Challenge Tour?
- How many fundamental duties were originally enumerated in the 42nd Amendment of the Constitution?
Where was the 19th G20 Summit held in November 2024?
Which company introduced new term and credit life insurance products targeting young customers in August 2024?
Which of the following Directive Principles is not added by way of amendment of the constitution:
Which wetlands of the state Rajasthan were added to the Ramsar list on June 5th, 2025?
