15 Questions 15 Marks 9 Mins
Given: Principal = Rs. 7,000 Amount = Rs. 10,360 Time = 6 years Formula used: SI = PRT/100 Amount = SI + P Where, SI = Simple interest, P = Principal, R = Rate, T = Time Calculation: SI = 10360 - 7000 = 3360 SI = 3360 SI = PRT/100 According to the question, ⇒ 3360 = (7000 × R × 6)/100 ⇒ 3360 = 420 × R ⇒ R = 3360/420 ⇒ R = 8% ∴ The required rate of interest is 8%. India’s #1 Learning Platform Start Complete Exam Preparation
Daily Live MasterClasses
Practice Question Bank
Mock Tests & Quizzes Trusted by 3.4 Crore+ Students Your browser is no longer supported. Update it to get the best YouTube experience and our latest features. Learn more Given : P = Rs. 7,000; A = Rs. 9,317 and r = 10%. ∴ A = `P( 1 + r/100)^n` ⇒ `9,317 = 7,000( 1 + 10/100)^n` ⇒ `(9,317)/(7,000) = ( 11/10)^n` ⇒ `(1,331)/(7,000) = ( 11/10)^n` ⇒ `(11/10)^3 = ( 11/10 )^n` On comparing, |
Sum of rs 7000 amount to rs 9317 in certain number of years at 10 per annum compound interest
Related Posts
What command can you use to determine if a network service is listening on the correct port number?
Whenever an application wants to make itself accessible over the network, it claims a TCP/IP port, which means that port can’t be used by anything else. So if you need to use an in-use port, how do ...
What do you call the degree of being able to achieve the desired result based on the information objective or purpose?
The term efficiency refers to the peak level of performance that uses the least amount of inputs to achieve the highest amount of output. Efficiency requires reducing the number of unnecessary ...
Which of the following is the purpose of financial statements?
Learn about financial statements and reports including profit and loss, cash flow and balance sheets. On this page Financial statements are historical. They show you how your business has been ...
Why am I not earning bounty coins in Paladins?
We’ve detected that JavaScript is disabled in this browser. Please enable JavaScript or switch to a supported browser to continue using twitter.com. You can see a list of supported browsers in our ...
The purpose of using a variable ratio schedule of reinforcement is to
In order to continue enjoying our site, we ask that you confirm your identity as a human. Thank you very much for your cooperation. Learning Objectives Distinguish between reinforcement ...
What is an oligopoly market?
13 Min. Read November 29, 2021 Often when discussing business, the concept of markets comes up. In business, there are a number of different market structures that businesses can participate in. ...
What is the daily limit of added sugars recommended by the usda?
Total Sugars include sugars naturally present in many nutritious foods and beverages, such as sugar in milk and fruits as well as any added sugars that may be present in the product. There is no ...
Who was the first Sanrio character
Ever since I was little, I remember seeing Hello Kitty on all sorts of things, from sunglasses to clocks and everything in between. It wasn’t until I was older that I realized how far reaching the ...
How many number of spectral lines obtained when an electron jumps from 4th orbit to ground state?
Since comments caused certain level of confusion, I guess Ill try to provide a further illustration. You should consider all possibilities for an electron jumping down the excited energy state $n$ ...
What should be added to the polynomial x 2 5 x 4 so that x 3 is a factor of the resulting polynomial?
AnswerVerifiedHint: For solving this problem, first we let the constant to be added as c. Then, we assume another root to be k. Now, we obtain the sum and product of roots individually and then form ...
That 90s show release date 2022
The coming-of-age stoner-comedy tv series That 70s Show is getting a spin-off. Netflix announced That 90s Show in early October amid the current cultural fascination with 90s nostalgia. Like That ...
How to protect ends of hair when coloring
Hair care tips: Got your hair coloured before the lockdown? You probably wouldnt have got any hair spas or hair treatments after that! Here are some tips to take care of coloured hair and prevent ...
What time is the Worcester St. Patricks parade 2022?
REPORT:ER IT WAS MUSIC TO THE YEARS OF WORCESTER COUNTY THAT HASN’T HAD A PARADE LIKE THIS SINCE MARCH OF 2019, SOT, GREAT CROWD SUNSHINE COLD BUT SO FUN TO HAVE THE PARADE BKAC REPORTER: SOME ...
How far is Texas from me by plane hours
Whats the distance to Texas from me? driving distance in milesCompare the distances and find out how far are we from Texas by plane or car. flight distance in miles Travel time to ...
What are noble gases known as
The noble gases, also known as the inert gases and aerogens, are the elements that belong to group 18 of the modern periodic table. The elements that belong to this group are:Helium (He)Neon ...
How many 3 cost units TFT set 7?
The chances to draw a specific champion in TFT depend on their gold cost, the number of the same units in play, and your level.Teamfight Tactics has RNG elements, so your success in the game is also ...
How many hours in 3 months of work
Convert from Hours to Months. Type in the amount you want to convert and press the Convert button.Belongs in categoryTime1 Hours = 0.0014 Months10 Hours = 0.0137 Months2500 Hours = ...
Who played on Nobody Does It Better?
Original Titelmelodie aus dem United Artists FilmJames Bond 007 „Der Spion, der mich liebteA: United Artists Music Co., Inc., ASCAP / Unart Music Corporation, BMI℗ 1977 Elektra RecordsB: ...
And I love her guitar chords Easy
And I love her: The Beatles (capo on 2nd fret)Verse 1[/] [///] [/] [///] [/][Am]I give her[Em] all my love[Am]And if you s[Em]aw my love[Am]She gives me e[Em]verything[Am]The kiss my l[Em]over ...
How to see how much time you spend on your phone Android
Do you need to keep an eye on how often you’re using your Android device? You can check your screen time on Android using this guide.While everyone has a screen in their pocket, you don’t need to ...
