Question
Rs. ’P’ invested at a rate of 10% p.a. compound
interest (compounded annually) amounts to Rs. 7865 at the end of 2 years. Find the simple interest earned at the end of 6 years if the same amount is invested at the same rate.Solution
According to question; 1.1 × 1.1 × P = 7865 Or, P = Rs. 6500 Desired interest = 0.1 × 6 × 6500 = Rs. 3900
In April, RBI imposed a monetary penalty of Rs 36 lakh on ____________ for non-compliance with certain directions of the central bank?
What monthly scholarship amount will each selected PM-YUVA 3.0 author receive?
Employees’ Provident Fund Organisation has released its latest payroll data regarding the status of the number of subscriber been increased or decreas...
Which company has inaugurated a new center of excellence (CoE) focused on generative artificial intelligence (GenAI), in collaboration with the Indian...
DPS Flamingo Lake, recently declared a conservation reserve, is located in which Indian city?
Who launched the web portal for faster bank settlements of interest subvention claims under Agriculture Infrastructure?
Amrit Mahotsav FD scheme is launched for its retail investors, offering returns of 7.65% for elderly individuals and 7.15% for the general public. Which...
What was the birth name of Assamese singer Zubeen Garg?
What is the new category created by the Reserve Bank of India (RBI) for commercial banks as part of the revised investment norms?
Which NATO Joint Force Command will oversee the new Multi Corps Land Component Command in Finland?
Relevant for Exams:
