Question
The difference between earned interest from both, for
investing under compound interest and general interest for 2 years, is 4 rupees. If interest rates are 4% per annum then tell the amount invested (in rupees)Solution
As we know, The difference between Cl and SI for 2 years = Pr²/1002 46 = (P x 4 x 4)/(100 x 100) P = 46 x 25 x 25 P = 28750 The total sum is 28750.
A certain sum of money becomes 2500 in 6 years and Rs. 3240 in 10 years at any certain rate of simple interest. Find the principal amount.
Akshay invested Rs. 1950 in two schemes P and Q in the respective ratio of 8:5. Scheme P and Q are offering simple interest at the rate of 8% per annum ...
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Rs. 2500 is invested at 24% p.a. simple interest for 6 years in scheme A. The interest obtained from scheme A is then invested for 2 years at 30% p.a. c...
- Kamal invested Rs. 6,250 in scheme ‘A’ offering simple interest of 13% p.a. 4 years later, he reinvested the entire interest earned from scheme ‘A’...
Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 2500 and Rs...
The interest earned on investing Rs. 7000 for 2 years at the rate of 10% p.a., compounded annually, is used to purchase an article. If the article is la...
Ramesh invested Rs. (x + 200) in Scheme A at a simple interest rate of 20% p.a. for 2 years, and the interest received is Rs. 800. He then invested Rs. ...
A person 'X' borrowed Rs. 4,000 from a bank on simple interest, which is to be repaid in three equal annual installments. The rat...
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