Atul invested in scheme A and B that provide simple interest at the rate of 12% and 15% for 3 years and 5 years, respectively. Interest received from scheme A is invested further in Scheme B after three years for two years, and total interest received from Scheme B after 5 years is invested in Scheme C which provides Compound Interest at the rate of 10% for three years. If interest received on invested amount from Scheme A after 2 years is Rs. 3600, and the ratio of the invested in scheme A and scheme B is 3:4. Find the total amount(approx.) received from Scheme C
Amount invested in Scheme A. 3600 = (24P)/100 P = Rs. 15000 Amount invested in Scheme B = (4/3) x 15000 = Rs. 20000 Interest received from scheme B after 5 years at rate of 15% = (20000 x 15 x 5)/100 = Rs. 15000 Interest received from scheme A after 3 years at rate of 12% = (15000 x 12 x 3)/100 = Rs. 5400 Interest received from Schem B after 2 years at rate of 12 % when invested Rs. 5400 = Rs. 1620 Amount Invested in Scheme C compounded at rate of 10% = Rs.15000 + Rs. 1620 = Rs.16620 Amount received after three years from Schem C = RS. 16620 x (1+(10/100))3 = RS. 16620 x (1331/1000) = RS. 22121.22
Where will the G20 Parliament Speakers Summit (P20) be organized
Which of the following phases of the cell cycle in eukaryotes corresponds to the interval between mitosis and initiation of DNA replication where the ce...
The Department of Empowerment of Persons with Disabilities (Divyangjan) is organizing the 'Divya Kala Mela' event. In which city or place will this even...
Which country recently became the first in the world to initiate a plan to store CO2 beneath the sea using green sand?
In which year did India host the India Africa Forum Summit and expand its diplomatic presence by opening new missions in member countries of the African...
Consider the following statements about Paat Mitro:
1. Ministry of Textiles recently launched the “Paat-Mitro” mobile application to provid...
Which fashion ecommerce company is integrating generative AI chatbot ChatGPT on its app for better product discovery?
How much money has been approved by the Union Cabinet for broadband connectivity in villages under bharatnet project?
Which state government signed a tripartite memorandum of understanding (MoU) with NITI Aayog in July 2022 for a large-scale transformation in school?
Consider the following statements about the Chenab Bridge:
1. It is the highest single-arch railway bridge in the world
2. It is part ...