Q) Mr Gupta opened a recurring deposit account in a bank. He deposited Rs. 2500 per month for two years. At the time of maturity, he got Rs. 67,500. Find:(i) The total interest earned by Mr Gupta.(ii) The rate of interest per annum Ans: (i) Total Interest earned Let’s consider time period be ‘n’ months […]
A man invests Rs. 11,200 in a company paying 6% per annum when its Rs. 100 shares can be Read More »
Q) Mr Gupta opened a recurring deposit account in a bank. He deposited Rs. 2500 per month for two years. At the time of maturity, he got Rs. 67,500. Find: (i) The total interest earned by Mr Gupta. (ii) The rate of interest per annum Ans: (i) Total Interest earned Let’s consider time period be
Mr Gupta opened a recurring deposit account in a bank. He deposited Rs. 2500 per month Read More »
Q) For a trader, market price of a refrigerator is Rs. 15,680 exclusive of GST (GST is 12%). Gagan, a customer for this refrigerator asks the trader to reduce the price of the refrigerator to such an extent that its reduced price plus GST is equal to the marked price of the refrigerator. Find the
Q) Kavita has given time deposit in her bank. She deposited Rs. 600 per month and gets Rs. 6,165 at the time of maturity. If Rate of interest is 6% per annum, find total time for which account was held. Ans: Given that: Maturity value of RD account = Rs. 6, 165 (given) Monthly instalment,
Q) Ashraf went to see a movie. He wanted to purchase a movie ticket for Rs. 80. As the ticket for Rs. 80 was not available he purchased a ticket for Rs. 120 of upper class. How much extra GST did he pay for the ticket? (GST for a ticket below Rs. 100 is 18%
Q) The maturity value of a R.D account is Rs. 16,176. If monthly investment is Rs. 400 and the rate of interest is 8%, find the time (period) of this R.D. Account. Ans: Given that: Monthly Instalment, P = Rs. 400 Rate of Interest, r = 8 % Maturity value of RD account = Rs.
Q) By investing Rs. 45,000 in 10% Rs. 100 shares, Sharad gets Rs. 3,600 as dividend. Find the market value of each share. Ans: Given values: Investment = Rs. 45,000 Rate of dividend = 10% Nominal value = Rs. 100 Annual dividend = Rs. 3,000 Step 1: Let market value of each share be X
By investing Rs. 45,000 in 10% Rs. 100 shares, Sharad gets Rs. 3,600 as dividend. Read More »
Q) Solve the following inequation and write the solution set: 13x – 5 < 15 x + 4 < 7 x + 12, X∈R Ans: Step 1: Let’s take first 2 entries: 13x – 5 < 15 x + 4 ∴ 13 x < 15 x + 4 + 5 ∴ 0 < 2 x
Q) Without solving the following quadratic equation, find the value of ‘m’ for which the given equation has real and equal roots: x2 + 2 (m – 1) x + (m + 5) = 0 Ans: Step 1: First, let’s compare the given equation with standard quadratic equation ax2 + bx + c = 0,
Without solving the following quadratic equation, find the value of ‘m’ for which Read More »