Ashakti invested the same amount of money in two distinct Systematic Investment Plans (SIPs), SIP 'X' and SIP 'Y,' both for a duration of 2 years. SIP 'X' yields simple interest at a rate of 'R%' per annum, and SIP 'Y' provides compound interest (compounded annually) at the same interest rate as SIP 'X'. If the ratio of the interest earned on SIP 'X' to that on SIP 'Y' is 100:109, determine the value of 'R'.
ATQ, Let, the interest received on SIP 'X' and SIP 'Y' be Rs.'100x' and Rs.'109x', respectively. In case of simple interest, equal interest is received in each year at same rate of interest. So, the simple interest received on first and second year both = (100x/2) = Rs.'50x' At same rate of interest, Simple interest received in first year = Compound interest received in first year = (100x/2) = Rs.'50x' So, the compound interest received on second year = 109x - 50x = Rs.'59x' So, the interest in second year received on interest received on first year at 'R%' p.a.,= 59x - 50x = Rs.'9x' So, the rate of interest, 'R' = (9x/50x) × 100 = 18%
Consider the following statements in the context of mesolithic paintings of Bhimbetka caves:
1. Hunting is the predominant theme used in these pa...
What was the first Grammar Book of Sanskrit?
Ravikirti was a court poet of which Chalukya ruler?
Surkotada, an archaeological site from the Indus Valley civilization, is situated in which Indian state?
What is the first sermon of Buddha called as?
Consider the following statements with reference to the Kailash temple at Ellora:
1. It is the largest monolithic structure in the world
Consider the following statements with reference to Microliths:
1.They are applied to tools made on microblade or bladelets.
2.They are ...
__________ was the mother of Mahavira.
Consider the following statements about the reign of King Ashoka:
1. He is the first Indian king to communicate directly to the people through hi...
Which Indian state recently became the first to launch the Sericulture Bima Yojana?
