Question
The difference between compound interest and simple interest at the same rate for Rs. 2400 for 2 years is Rs. 216. The rate of interest per annum is:
More Simple and compound interest Questions
- A man invests a total of ₹50,000 in two schemes A and B. Scheme A offers simple interest at 12% p.a. for 3 years. Scheme B offers compound interest at 10% ...
- 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...
- A man wants to invest Rs 20,220 in bank account of his two sons whose age were 12 years and 16 years in such a way that they will get equal amount at age o...
- A sum doubles in 8 years at compound interest. In how many years will it become 4 times?
- The interest received by investing Rs. 3000 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple intere...
- Nisha deposits Rs. 'z' and Rs. (z + 1000) in two accounts for 1 year each. The first earns 11% and the second 9% simple interest. If the total interest fro...
- A sum was put at simple interest. The amount after 4 years became (96/80) times the amount it had become in 2 years. What is the annual rate of interest?
- Rs. 9500 is invested in scheme ‘A’ for a year at simple interest of 50% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in scheme ‘B’ ...
- A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs.2100 after 3 years. If the same amount is invested a...
- A sofa of MRP 450 is available in Rs.90 cash down payment and 9 monthly equal installment of Rs.45 each. Find the rate of interest per annum.
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)