The difference between compound interest and simple interest at rate of 14% per annum for 2 years is Rs. 294. Find the simple interest obtained on same amount for a period of 2 years at rate of 10% per annum.
Let, the amount be Rs. P. P[(1 + 14/100)2 – 1] – P × 14% × 2 = 294 P × 0.2996 – P × 0.28 = 294 P × 0.0196 = 294 P = 294 ÷ 0.0196 = Rs. 15000 Therefore, required interest = 15000 × 10% × 2 = Rs. 3000
Which state has recently become the first state to publish an encyclopedia based on tribal communities?
What is the primary goal of the joint venture between Coal India Limited (CIL) and GAIL for setting up a Coal to Synthetic Natural Gas (SNG) plant?
_________ has been selected to transform IoT solutions provider Lexmark’s enterprise applications, cloud journey and innovation program & is movin...
Under which scheme, the sports stadium for the youth will be made in the state Rajasthan?
Consider the following statements regarding ‘Right to Education’:
1. This right mandates that the state shall provide free and compulsory edu...
Who is the author of the book “The India Way: Strategies for an Uncertain World”?
Which country ranked at top in the World Justice Project (WJP) Rule of Law Index 2021 which was prepared by the World Justice Project?
Axis Bank will infuse _________ in Max Life Insurance through preferential allotment, which will result in the private sector lender’s direct stake in...
On which date International Day of Banks is celebrated annually?
Employees Provident Fund Organisation (EPFO) has slashed the interest rate on provident fund deposits to ______ % for 2021-22.
