Question
Meera had Rs. 3500 with her. She invested Rs. ‘c’ at
14% p.a. simple interest for 6 years and the remaining sum at 20% p.a. compound interest, compounded annually for 2 years. If the total interest received by her is Rs. 2300, then find the value of ‘c’.Solution
ATQ, Simple interest received by Meera = (c × 14 × 6)/100 = Rs. 0.84c Compound interest received by Meera = (3500 – c)(1 + 20/100)² – (3500 – c) = Rs. 1.44(3500 – c) - (3500 - c) = Rs. 0.44(3500 - c) According to the question, 0.84c + 0.44(3500 – c) = 2300 Or, 0.84c + 1540 - 0.44c = 2300 Or, 0.4c = 2300 - 1540 Or, 0.4c = 760 Or, c = 760 / 0.4 = 1900
These markets are of a Permanent nature.
What is the primary objective of the Grow-out Test in seed certification?
How much DAP is required to supply N @90 kg/ha in an area of 18 m2
Which of the following is true for a completely randomized design?
To supplement the financial needs of farmers in procuring various inputs to ensure proper crop health and appropriate yields, PM Kisan scheme was launch...
The sodium hazard (Sodicity hazard) of irrigation water are often expressed through SAR. What shall be considered a safe SAR value for irrigation water ...
Which caste of honeybee has the primary function of impregnating the young queen and is physically incapable of performing the work of the hive?
Which of the following is not matched correctly?
There are three geothermal power plant technologies being used to convert hydrothermal fluids to electricity, which of the following is not correct one...
Fortification is the addition of key vitamins and minerals such as Iron, Iodine, Zinc, Vitamins, oils can be fortified with which of the following vitamin
Relevant for Exams:
