Question
A sum when invested at simple interest of 10% p.a.
becomes Rs. 2,100 in 4 years. If the same sum was invested at compound interest of 20% p.a. for 2 years, then what would be the amount received after 2 years?Solution
Simple interest = (Sum × Rate of interest × Time period) ÷ 100 Let the sum invested be Rs. ‘P’ So,
2100 − P = (P × 10 × 4) ÷ 100 Or,
2100 − P = 0.4P Or,
2100 = 1.4P So,
P = 1500 Amount received from second investment =
P × {1 + (Rate/100)}² Required amount =
1500 × (1 + 20/100)²
= 1500 × 1.44
= Rs. 2,160
Which courts are authorized to try offences punishable under the MSMED Act?
Prior sanction for prosecution is required according to PC Act when:Â
What is the meaning of maxim ‘salus populi suprema lex’?
Which of the following is correct about Article 162 (State’s executive power) in relation to Fifth and Sixth Schedules of the Constitution?
According to section 96 of the Companies Act the annual general meeting of an unlisted company may be held at any place in India if ________________
Which of the undermentioned is not the punishment for which the offenders are liable under the provisions of the IPC are____________
Which of the following provisions of the Indian Contract Act deals with "Frustration of Contract?"
Under Section 24, with effect from constitution of Commission under Section 3(1), the existing Vigilance Commission set up by Resolution dated:
The State Government, after consultation with the concerned High Court, shall specify a pecuniary value ________________ for Commercial Courts as per Co...
Under Food Safety and Standards Act, primary food does not include – produce of
Relevant for Exams:
