Question
A person invest some amount in a business into 2 parts.
If he invest 1st part at 8% for 3 years and 2nd part invest at 7(1/2)% p.a. for 4 years. Total Simple Interest from both instalment is Rs. 2262. If 2/5th of the sum of first investment is equal to 3/7 times of the 2nd investment. Find the sum (principal) of each part?Solution
P₁ × 2/5 = P₂ × 3/7 P1/P2= 15/14 P₁ : P₂ = 15 : 14 Then P₁ = 15x and P₂ = 14x Sum of Simple Interest of both is 2262 i.e. (15x × 8 ×3)/100 + (14x ×15 ×4)/(2 ×100)=2262 Now 7.8 x = 2262 So, x = (2262/78) × 10 = 290 Therefore, Sum invest in 1st Part = 290 × 15 = Rs. 4350 Sum invest in 2nd part = 290 × 14 = Rs. 4060
Which of the following public sector bank holds the maximum percent of total equity share capital of Nainital Bank Limited (NBL)?
Consider the Following statement about RBI’s new regulatory framework for urban cooperative banks:
I. It is the four-tiered regulatory fram...
Recently non-banking finance company SV CreditLine and which private sector Bank have signed a co-lending collaboration for a ₹500 crore loan targeted...
Why is Exploratory Data Analysis (EDA) considered a crucial step in the data analysis process?
R2 is the mathematical notation for:
In time series analysis, which component is best described as the long-term movement in data values that is not affected by seasonal or random fluctuati...
In which of the following section of RBI Act, 1934, the central government is empowered to constitute a six-member Monetary Policy Committee (MPC)?
Which of the following can be defined as a solution that enables banks to offer a multitude of customer-centric services on a 24x7 basis?
Consider the following statement about national single window system (NSWS):
I. Now businesses can cite their permanent account number as a uniqu...
The Kisan Credit Card (KCC) scheme was designed by NABARD in association with which of the following organisation?
Relevant for Exams:
