A certain sum of money invested at R% p.a. fetches a compound interest (compounded annually) of 1525.5 and simple interest of Rs.1500 at the end of 2 years. Find the value of ‘R’.
Difference between compound interest and simple interest for 2 years = 1525.5 – 1500 = Rs.25.5 Simple interest for 1 year = 1500/2 = Rs.750 So, R = (25.5/750) × 100 = 3.4%
Consider the following;
I.All India Survey on Higher Education (AISHE) 2020-2021 is prepared by the Department of School Education and literacy (...
Which city in India has become the first to adopt the localization of the United Nations-mandated Sustainable Development Goals (SDGs)?
Consider the following statements in regards to Central Bank Digital Currency (CBDC):
I) FDI into India declined sharply to $13.9 billion in Apri...
Who won the Sahitya Akademi Award 2022 for Assamese language?
Consider the following statements about Interest Equalisation Scheme:
1. It provides pre- and post-shipment export credit to exporters in rupee...
Who is the president-elect of Indonesia, committed to advancing the development of the new capital city Nusantara?
With which international organization has the Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) collaborated to empower women in ...
Which country will host the next meeting of the SCO Council of Heads of State in 2024?
The cyclone Trami did devastation in which of the following countries?
What was the purpose of the seven-volume series 'Greatness of Spirit' launched by the Ramon Magsaysay Award Foundation?
