Mathematics
The maturity value of a cumulative deposit account is ₹ 1,20,400. If each monthly installment for this account is ₹ 1,600 and the rate of interest is 10% per year, find the time for which the account was held.
Related Questions
Rajat invested ₹ 24,000 in 7% hundred rupee shares at 20% discount. After one year, he sold these shares at ₹ 75 each and invested the proceeds (including dividend of first year) in 18% twenty five rupee shares at 64% premium. Find :
(i) his gain or loss after one year.
(ii) his annual income from the second investment.
(iii) the percentage of increase in return on his original investment.
Some goods/services are supplied for ₹ 20,000 from Mathura (U.P.) to Ratlam (M.P.) and then from Ratlam to Indore (M.P.). If at each stage, the rate of tax under G.S.T. system is 12% and the profit made by the dealer in Ratlam is ₹ 3,750; find the cost of the article (in Indore) under GST.
Mr. Kumar has a recurring deposit account in a bank for 4 years at 10% p.a. rate of interest. If he gets ₹ 21,560 as interest at the time of maturity, find :
(i) the monthly instalment paid by Mr. Kumar.
(ii) the amount of maturity of this recurring deposit account.
A man sold some ₹ 20 shares, paying 8% dividend, at 10% discount and invested the proceeds in ₹ 10 shares, paying 12% dividend, at 50% premium. If the change in his annual income is ₹ 600, find the number of shares sold by the man.