Question
A man buys a car for ₹800,000. He sells it after 3
years at a loss of 15%. If he invests the selling amount in a fixed deposit at an interest rate (simple interest) of 5% per annum, how much interest will he earn in 2 years?Solution
Selling price = 800,000 - (15% of 800,000) = 800,000 - 120,000 = ₹680,000. Interest earned in 2 years = Principal * Rate * Time/100 = 680,000 * 0.05 * 2 = ₹68,000. Correct answer: A) ₹68,000
Which virus serves as the carrier of iNCOVACC?
Which of the following is a cause of Deficient Demand (Deflationary gap)?
According to the status of Dec 2022, from which district are the maximum beneficiaries who got the Veer Chandra Singh Garhwali Self-Employment Scheme?
Who has been appointed as the new Ambassador for Maldives to India?
Which company recently became the first manufacturer to receive the GreenPro ecolabel for its 'Automotive Steel' products?
Who was re-appointed as the Principal Secretary to the Prime Minister of India in June 2024?
Indian Navy conducted an 11-day military exercise in Kochi with which country?
Which central bank added 17 tonnes of gold in October 2024, marking its 17th consecutive month of net purchases?
Which cooperative model taxi service was launched by the Government of India to compete with Ola and Uber?
Who has received the ‘Dadasaheb Phalke Lifetime Achievement Award’ for the year 2022?
Relevant for Exams:
