Question
Mr. Mathur invested Rs. 40,000 with Bank A for 2 years and Rs. 10,000 with Bank B for 4 years at simple interest and earned Rs. 6,000 as interest. Find the interest rate p.a. if both the banks lend money at the same rate of interest.
More Simple and compound interest Questions
- Aman invested Rs. x at a simple interest rate of 15% per annum. If after 6 years, the total interest earned was Rs. ‘2x – 1800’, then find the value of x.
- Find the approx. compound interest on Rs. 5000 at 4% per annum for 2 years compounded half yearly?
- A sum of Rs. 20000 earns compound interest at 9% per annum, compounded half yearly. Find the total interest at the end of one year.
- Manoj deposited a sum of money in a scheme that offers 10% annual compound interest for a period of three years. If the total interest he earned at the end...
- A man invests Rs X in a scheme at 12% rate of interest for 8 years. After 8 years he reinvests the amount received at same rate of interest for same time d...
- Suresh invested Rs. 12,000 at simple interest of 5% p.a. If he kept withdrawing Rs. 2,000 after every one year, then find the total interest earned by Sure...
- The simple interest on a sum of money is 7/20 of the sum. If the number of years is numerically half the rate per annum, then find the rate percent per ann...
- Rs. 180000 is invested at x% simple interest for 5 years and it becomes Rs. 207000. What will Rs. 120000 amount to if it is compounded for 2 years at (x + ...
- Vishal has certain sum of money with him. He invested 80% of the sum in scheme ‘X’ offering 15% p.a. simple interest for 8 years and received Rs. 2040 as i...
- If the simple interest on a certain sum of money for 15 months at 3(1/2)% per annum exceeds the simple interest on the same sum for 9 months at 2(1/2)% per...
Relevant for Exams:
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)