Question
A man invested a certain amount of sum at 5% per
annum simple interest and earned an interest of Rs. 2500 after 5 years. If the same amount is invested at 15% per annum compound interest, compounded annually for two years then the interest would be:Solution
Let the certain sum of money be Rs. P
So, P × 0.05 × 5 = 2500
So, P = Rs. 10000
Desired interest = [(1.15)2 – 1] × 10000 = Rs. 3225
More Simple and compound interest Questions
√324 * 6 – 20% of 180 + ? = 130% of 150
What is the value of 143 + 163 + 183 + … + 303?
(2/?) x (3/16) x (2/15) x 60 = 1/3
154 × 7 + 480 × 5 =?% of 6956
- What will come in the place of question mark (?) in the given expression?
40% of (320 ÷ 4) + 2² X 25 = ? + 42 (5/8 of 480 - 30% of 420)² ÷ (√81 + 25% of 320) = ?
17% of 250 + ? = 108
Simplify the following expression and find the final value:
(18 ÷ 6 of 2 + 7 of 5) ÷ 5
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