A certain sum of money invested at R% p.a. simple interest amounts to Rs.17760after 4 years and Rs.22080after 7 years. If the same sum of money is invested at (R + 3)% p.a. compound interest compounded annually, then the interest received at the end of 2 years will be:
Simple interest earned in 3 years =22080–17760 = Rs. 4320 Simple interest for 1 year = 4320/3 = Rs. 1440 Initial sum of money = 17760 – 1440 × 4 = Rs. 12000 So, R = 1440/12000 × 100 = 15% So, R + 3=> 15 Desired interest = [(1.15)2– 1] × 12000 = Rs. 3870
NABARD came into existence on 12 July___.
What historical events are associated with King Ratan Chand of the Chand Dynasty?
I) Brought the capital from Champawat to Almora
II) Star...
The Reserve Bank of India (RBI) has increased the maximum stake that promoters can hold in their banks to what percentage?
The Deomali is the highest mountain peak of ______.
Pusa Hybrid 4 is a hybrid variety of:
What does SIDBI stand for?
Who appoints the State Election Commissioner?
In Which year did the Ministry of Health and Family Welfare of India launch the Weekly Iron and Folic Acid Supplementation (WIFS) program to meet the ch...
How many hectares of forest area did India gain annually from 2010 to 2020 according to the FAO report?
With reference to abundant elements in Earth's Crust, which among the following is the most abundant metal in the earth's crust?
