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
- The simple interest on a sum of Rs. (6x + 100) for 4 years at 10% per annum is Rs. 1,200. Find the value of x.
- Simple interest earned on an amount of Rs.1400 at rate of R% per annum after 4 years is Rs.336. Find the simple interest earned on an amount of Rs.1600 at ...
- The simple interest on a sum of money for 4 years at 8% per annum is ₹1,280. What will be the compound interest on the same sum at the same rate of interes...
- Calculate the compound interest earned by depositing Rs. 8,000 at an annual interest rate of 40%, compounded quarterly, for 9 months.
- 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 and...
- Suresh invests a certain amount at an annual simple interest rate of 5% for 5 years. The total amount received after 5 years is reinvested at an annual sim...
- A sum of Rs.100 is lent to be returned in 110 months installments of Rs.10 each, interest simple. The rate of interest is: -
- The compound interest on a certain amount for 2 years at 4% per annum is ₹ 1,428 if interest is compounded annually. Find the simple interest on that amoun...
- If a sum of money doubles in 5 years at simple interest, what is the rate of interest per annum?
- A sum of Rs.10 is lent by a child to his friend to be returned in 11 monthly instalments of Rs.1 each, the interest being simple. The rate of interest is:
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)