Question
'X' deposited a total of 40% of his monthly salary in
two SIPs, P and Q. SIP P offers compound interest at the rate of 10% p.a., compounded annually, while SIP Q offers simple interest at the rate of 8% p.a. The amount deposited in SIP P and SIP Q are in the ratio 5:4, respectively, and the total interest earned in 2 years is Rs. 676. Determine the monthly salary of 'X'.Solution
Let the amount deposited in SIP P and SIP Q be Rs. 5x and Rs. 4x, respectively. According to question, 5x × (1.12 – 1) + (4x × 8 × 2)/100 = 676 1.05x + 0.64x = 676 1.69x = 676 x = 400 So, required monthly income of X = (9 × 400)/0.4 = Rs.9000
In which state of India has the highest mangrove forest cover?
Consider the following statements:
1. The design of the National Flag was adopted by the Constituent Assembly of India on 22 July 1947.
2....
In 1955 government of India took the majority ownership of SBI
1. Who among the following is an Indian table tennis player?
Which of the following is the richest state as per the wealth index released by National Family and Health Survey-4?
With which Indian firm Israel's Phinergy has signed a joint venture deal to produce metal-air batteries?
Indirasagar Dam is situated in which Indian state?
Sheikh Sabah Al Khalid was appointed as the Prime Minister of which country?
मेवाड के अरावली क्षेत्र की भील जाति का लोकनाट्य है ?
National Bravery Award is given every year by the Prime Minister of India on:
