Comprehension Passage

Directions: Study the following table carefully and answer the given questions.

The three banks provide different interest rates on a scheme to different customers on the bases of their individual deposits

Names

Banks

BOB

SBI

PNB

Raju

16% p.a.

12% p.a.

   --

Komal

R% p.a.

12% p.a.

  8% p.a.

Priya

--

--

10% p.a.

Amrita

14% p.a.

18% p.a.

12% p.a.

Komal invested some money in PNB scheme, which bears simple interest. At the end of one year, she withdrew all amount from PNB and invested in BOB scheme at R% per annum compounded annually for two years and received Rs.43000 as total interest from BOB scheme. If the first- year interest from BOB scheme was Rs.20000,find the value of R.

1
16
2
15
3
12
4
18
5
13

Sponsored

hivanix.in

Visit

This quiz is brought to you by hivanix.in

🌐 Web App Development

Quick Navigation