Question
Rs. 7500 is invested in scheme ‘A’ for 3 years and
Rs. 6000 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 16% p.a. If the interest received from both the schemes are equal, then find the rate of simple interest (p.a.) offered by scheme ‘B’.Solution
Interest received from scheme ‘A’ = (7500 × 16 × 3) ÷ 100 = Rs. 3600 Let the rate of simple interest offered by scheme ‘B’ = ‘k%’ p.a. ATQ; (6000 × 2 × k) ÷ 100 = 3600 Or, 120k = 3600 Or, k = (3600/120) = 30 So, rate of simple interest offered by scheme ‘B’ = 30% per annum.
The Meredith Corporation recently acquired which of the following companies?
'Uttar Pradesh Day' was first organized on?
How much funding did the Coalition for Disaster Resilient Infrastructure (CDRI) announce for urban infrastructure resilience in LMICs and SIDS?
Which of the following e-commerce company became first to go live on the beta test of Open Network for Digital Commerce (ONDC) in Bengaluru?
Repo facility is to be used in emergency situation when inter-bank liquidity is dried up.
The term ‘Operation Flood’ is associated with which commodity.
On which date is National Mountain Climbing Day observed each year?
Which is the state bird of Chandigarh?
Which of the following received the World heritage tag by UNESCO in 2016?
Which of the following countries is a member of The Indian Ocean Rim Association?
I) Indonesia
II) Mozambique
III) Australia
IV) Yemen
Relevant for Exams:
