Question
Mohan invests ₹8,000 each in two different schemes,
'A' and 'B', for a duration of 2 years. Scheme 'A' provides compound interest at an annual rate of 16% (compounded yearly), while Scheme 'B' offers simple interest at the same annual rate of 16%. Calculate the difference in the total interest earned from Scheme 'A' compared to Scheme 'B'.Solution
When Rs. 'P' each is invested at 'R'% p.a. for 2 years on compound interest and simple interest, then difference between interest = P x (R/100) 2 Therefore, required difference = 8,000 x (16/100) 2 = 8,000 x (256/10,000) = Rs. 204.8
Neera is prepared form which of the following fruit?
Growing of two or more crops simultaneously intermingled without any specific row pattern is known as:
ICAR- National Bureau of Animal Genetic Resources is situated at ___
Which of the following is best suited as catch crop?
Among the following vegetables, which one is viviparous in nature.
The branch of Horticulture that deals with the cultivation of vegetables is called
What is other name of photo respiration?
Psychology is the science of
Which law states that the profit from a limited amount of variable input is maximized when that input is used in such a way that marginal return from th...
The process of separating lint from seed in cotton is called ___
Relevant for Exams:
