Question
A took loan from a bank at the rate of 12%p.a. simple interest. After 5 years he had to pay Rs.7200 interest only for the period. The principal amount borrowed by him was:
More Simple and compound interest Questions
- 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. 1700 and Rs. 1...
- Meena invests Rs. x in a fund that gives 18% simple interest per year. After 4 years, she earns interest of Rs. ‘1.4x – 800’. What is the value of x?
- A sum of money becomes Rs. 9600 in 3 years and Rs. 11200 in 7 years at simple interest. Find the principal.
- Rahul distributed 80% of his monthly salary between his two sons, A and B, in the ratio 5:3 respectively. A and B invested their respective amounts in sche...
- Karan invested a certain amount of money, splitting it into two equal parts. He placed one part in a simple interest scheme at an annual rate of 15% for 5 ...
- At a simple interest rate of 20% per year for three years, 'P' invested Rs. 'p + 250', and for two years, Rs. 'p + 500' at a simple interest rate of 30% pe...
- A sum of ₹12,000 earns ₹1,920 as simple interest in 4 years. What will be the compound interest on the same sum in 2 years at the same rate of interest per...
- A took a loan of Rs.4880 at simple interest of 25% p.a. and invested the same money in a scheme at simple interest of 35% p.a. Find the profit earned by A ...
- The difference between compound interest and simple interest at the same rate for Rs. 1800 for 2 years is Rs. 18. The rate of interest per annum is:
- A certain sum of money amounts to ₹3360 at a rate of R% per annum under simple interest after 5 years, and to ₹3480 at a rate of 15% per annum under simple...
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)