Aman invested Rs. 'a' and Rs. (a + 2100) in SIP 'P' and 'Q', respectively, in a way that the amounts received from both SIPs after 2 years are equal. If SIP 'P' and 'Q' provide compound interest (compounded annually) at rates of 25% p.a. and 20% p.a., respectively, then determine the value of 'a'.
We can say that, The amount received on investing Rs. ‘a’ for 2 years at 25% interest p.a., compounded annually- = a × (1 + 25/100)2 = Rs. {a × (5/4)2} The amount received on investing Rs. (a + 2100) for 2 years at 20% interest p.a., compounded annually. = (a + 2100) × (1 + 20/100)2 = Rs. {(a + 2100) × (6/5)2} ATQ. a × (5/4)2 = (a + 2100) × (6/5)2 Or (25a/16) = (a + 2100) × (36/25) Or (25a/16) × (25/36) = a + 2100 Or 625a/576 = a + 2100 Or 49a = 2100×576 Or a = 24685.7
Which of the following states has announced the commissioning of its own internet service under the project named K-FON?
Who has won the 'battle of Hydaspes'?
Rana Pratap Singh fought against the Mughals at ________in 1576.
Which state bagged the highest number of medals during the Khelo India Youth Games 2022?
During the construction of the 3D post office building in Bangalore, which institution or organization provided technical guidance to Larsen & Toubro?
Psyche is a NASA mission to study a metal-rich asteroid, it was launched from which Space Centre?
Who was the Governor General of India at the time of the Sepoy Mutiny?
The authorities of which country denied the permission to land the ship Komagata Maru, carrying Indians?
What is the name of the centralized web portal launched by the Reserve Bank of India for individuals to search unclaimed deposits across multiple banks?
LaTeX document does not contain: