A man invested $4,800 in a scheme offering compound interest compounded annually. If the difference between the interest earned in the 2nd year and the 1st year is $48, what is the rate of interest?
Let the rate of interest be R% Interest for the 1st year = 4800×R/100 = 48R Interest for the 2nd year = (4800+48R) × R/100 The difference between the 2nd-year interest and 1st-year interest is $48: (4800+48R) ×R/100 − 48R = 48 0.48R² = 48 R = 10%
Which river will the first underwater railroad tunnel in Assam be built under?
The Financial Stability Board recently published its latest table of the world's 30 most systemic banks according to which _________ becomes world&rsqu...
What was endorsed at the SCO Defence Ministers' Meeting in Kazakhstan?
The ‘Sitting Bull’ was in news recently as scientists confirmed his great grandson ‘Ernie LaPointe’ by testing DNA of hair sampl...
What condition has been set by the International Olympic Committee (IOC) for France to host the 2030 Winter Olympics?
What is the primary objective of Pradhan Mantri Anusuchit Jaati Abhuyday Yojana (PM-AJAY) with its 'Adarsh Gram' component?
Which statements correctly describe the features of the SBI MSME Sahaj loan facility?
1. The loan process from application to disbursement is les...
The RBI approved the candidature of Baldev Prakash as Managing Director and Chief Executive Officer of ________ for a period of three years.
How much institutional credit did the agriculture sector receive in FY24, marking an all-time high?
As for the Centre’s capex, it has budgeted for Rs 7.5 trillion in FY23. This includes the Rs. 1.0 trillion interest-free loan to be provided to state ...
