Question
Rs. 6500 is invested in scheme ‘A’ for 2 years and
Rs. 6500 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 14% p.a. If the interest received from both the schemes are equal, then find the rate of simple interest (p.a.) offered by scheme ‘B’.Solution
Interest received from scheme ‘A’ = 6500 × 14 × 2 ÷ 100 = Rs. 1820 Let the rate of simple interest offered by scheme ‘B’ = ‘k%’ p.a. ATQ; 6500 × 2 × k ÷ 100 = 1820 Or, 130k = 1820 Or, k = (1820/130) = 14 So, rate of simple interest offered by scheme ‘B’ = 14% per annum.
Which of the following statements is incorrect regarding the objectives of the CDP Suraksha scheme?
1. CDP Suraksha aims to improve exports of ta...
What is the name of the comprehensive digital insurance platform launched in collaboration with the United Nations Development Programme (UNDP) India?
What is the primary aim of the MoU signed between NIELIT and ITI Egypt?
Dr. Joyeeta Gupta, an Indian-origin professor, received a prestigious award for her work in the field of climate change. What is the name of the award s...
Which cattle breed, known for its robust milk production, originated in Haryana?
Allan Octavian Hume, a retired English ICS officer, formed the indian National Union in ______.
Shambhu Maharaj was Awarded the Padma Shri for his contribution to which of the following dances in India?
At the time of launch of the Smart Cities Mission, how many cities were proposed to be covered under this scheme?
Recently Association of Southeast Asian Nations (ASEAN) has agreed in principle to admit which country as the group’s 11th member?
Black cotton soils are extensively found in –
Relevant for Exams:
