Question
Asmita invested Rs. 3200 for 2 years at an annual simple
interest rate of r%, while Shreya invested the same sum as Asmita for 2 years at an annual compound interest rate of r%, compounded annually. If the difference between the interest earned by Asmita and Shreya is Rs. 200, calculate the amount received by Asmita.Solution
ATQ, Difference between the simple interest and compound interest for two years is given by PR2/1002 Where P = sum invested and R = rate of interest ATQ, Pr2/1002 = 200 Or, r2 = (200 × 100 × 100)/3200 = 625 Or, r = 25 (Since, rate cannot be negative) Therefore, amount received by ‘Asmita’ = {(3200 × 25 × 2)/100} + 3200 = Rs.4800
Which soil texture class has the highest porosity?
What is contingent crop planning?
Which of the following is responsible for pungency in mustard oil?
Root pressure is developed due to _____
Kew, Queen or Mauritius are varieties of
Bacteria capable of living symbiotically with higher plants, usually in nodules on the root of legumes, from which they receive their energy and are cap...
In the widely used Cobb-Douglas production function model in agricultural economics, the two main inputs considered are:
The sphere within which price determining forces operate is
Which weathering agent is biological in nature ?
A company faces several major decisions in international marketing. The first of these decisions is often:
Relevant for Exams:
