There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 16,000 after 3 years at the same rate?
Let P = Rs. 100. Then, SI = Rs. 40 and T = 8 years. => R = (100 × 40)/(100 × 8) = 5% Now, P = Rs. 16000,T = 3 years and R = 5% p.a. CI = Rs. [16000 × {(1 + 5/100)3 – 1}] CI = [16000 × {105/100)3 – 1}] CI = [16000 × 1261/8000] CI = Rs.2522
In 2023, who was elected as the new Chief Selector of the Indian Cricket Team?
What is the primary goal of the "Women for Water, Water for Women Campaign" launched under the Atal Mission for Rejuvenation and Urban Transformation (A...
What recent accolade did Payal Kapadia receive for her film ‘All We Imagine as Light’?
Who will inaugurate DefConnect 2024, aimed at promoting indigenous innovation and addressing security challenges?
Who has been appointed as the new head of the Defence Intelligence Agency?
The Government of India announced the winners of the National Startup Awards 2021. 46 startups were felicitated for their contribution in their respecti...
Mid Cap Index Fund NFO which has been designed to capture the growth opportunities presented by mid cap equities with a focus on providing investors wit...
What is the purpose of APAAR?
Which Indian long jumper successfully defended his title and won gold at the International Jumping Meeting in Greece?
Who won the men's recurve title in the national ranking archery tournament?
