Mathematics
Assertion (A): ₹ 1,00,000 amounts to ₹ 1,21,000 in 1 year and to ₹1,46,410 in 2 years, compounded annually. Reason (R): When the interest is compounded annually, then, we have A = P (1+R/100) 1. A is true, R is false 2. A is false, R is true 3. Both A and R are true 4. Both A and R are false
Related Questions
The value of a machine depreciates every year at a constant rate. If the values of the machine in 2006 and 2008 are ₹ 25,000 and ₹ 19,360 respectively, then the annual rate of depreciation is:
8%
10%
12%
14%
What annual instalment will discharge a debt of ₹ 4,600 due in 4 years at 10% simple interest?
₹ 1,000
₹ 1,150
₹ 1,500
₹ 1,610