Question
On Rs. 6000 invested at a simple interest at the rate of 4% p.a., Rs. 2400 is obtained as interest in certain years. In order to earn Rs. 4800 as interest on Rs. 10,000 in the same number of years, what should be the rate of simple interest?
More Simple and compound interest Questions
- The interest earned on investing Rs. 1000 for 2 years at the rate of 20% p.a., compounded annually, is used to purchase an article. If the article is later...
- Priya lent Rs. 10,000 to her colleague at a compound interest rate of 'a%' per annum, compounded annually. A year later, the colleague paid back Rs. 10,800...
- When two equal amounts are deposited for 7 years and 5 years at the rate of 6% and 8% per annum respectively, the difference of their simple interest is 30...
- A certain sum at CI amounts to Rs 2400 in 3 yr and to Rs 3600 in 6 yr. Then the sum is ?
- Find the simple interest and the amount on Rs 5,000 at 8% per annum for 3 years.
- What is the interest earned when Rs. 5000 is invested for 2 years in a scheme which offers compound interest (compounded every 12 months) of 20% p.a.
- A sum of ₹20,000 is invested at 10% per annum compound interest , compounded annually, for 2 years . What is the compound interest earned?
- The difference between the simple interest obtained on two principals for a period of 4 years at 5% p.a. rate of interest is Rs.800. If the sum of the two ...
- Neil buys a Camera priced at 32000. He pays 8000 at once and the rest after 15 months on which he is charges a simple Interest at the rate of 18% per annum...
- If you invest Rs. 5,000 in a fixed deposit account with an annual interest rate of 8%, compounded annually, how much money will you have after 3 years?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)