Question
Rs. 5000 when invested at simple interest of r% p.a.
amounts to Rs. 6000 in 24 months. If the same sum had been invested for 1 year at compound interest of (r + 32) % p.a. (compounded in every 4 months), then the amount received would be?Solution
According to the question, 6000 – 5000 = (5000 × r × 24) ÷ (12 × 100) Or, 1000 = 100 × r Or, r = 10 When the sum is invested at compound interest, Effective rate of interest = (r + 32) ÷ 3 = (10 + 32) ÷ 3 = 14% Effective time period = 1 × 3 = 3 units Amount received = Principal × {1 + (r/100)}time period = 5000 × {1 + (14/100)}3 = 5000 × (1.14)3 = 7407.72
Vulnerable
...- Choose the word opposite in meaning to the bold word.
Turbulent In the following question, choose the word which is opposite in meaning to the given word.
Shabby
Select the correct SYNONYM of the given word.
atrocious
In each of the following questions, three out of four words given have the same meaning. Mark the number as your answer which is different in ...
Choose the correct synonym of the word - Lethargy
His speech was articulate and well-delivered.
In the following questions, four words are given, choose the most suitable alternative reflecting the combination of the words which are either synonym...
A state of absence of law.
 Select the word which means the same as the group of words given.
causing great damage or suffering
Relevant for Exams:
