Question
Amit deposited Rs. 15,000 into an investment with a 12%
annual compound interest rate for a duration of two years. Calculate the total interest earned by Amit.Solution
ATQ, Interest earned by Amit = 15000 × {(1 + 0.12)2 – 1} = 15000 × 0.2544 = Rs. 3,816
In the Eastern Corridor, an electrified double-line segment of 126 km runs between
When was the Indian Railways and RailTel Corporation of India Limited incorporated?
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