Question
If Rs. 4000 becomes Rs. 5760 in 2 years at compound
interest (compounded annually), then what is the annual rate of interest?Solution
We can say that the value for rate of interest cab be taken as ‘r’ = 5760 = [4000 × (1 + (r/100))2] (5760/4000) = (1 + (r/100))2] 1.44 = (1 + (r/100))2] 1.2 = (1 + (r/100))] Hence the value for r will be = 20%
What is the main component of natural gas?
Which one of the following is the longest river in Asia which passes through major part of East Asia?
Which of the following statements related to the Russian Revolution is correct?
Which dynasty built the Khajuraho temples?
Which ocean is the largest by area?
Which Rajasthan minister has been given the 'Leader of Decade' award by the Women Economic Forum?
Which part of the atom emits the radioactive radiation?
In which of the following city of Rajasthan, 'Rammats' are performed during Holi ?
The combined programme of Self-Respectors and communists came to be called as___________plan.
Panipat situated in which of the following state?
