Question
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 duration. If interest received from reinvestment is Rs 5730.40 more than Rs X. Find the value of X?Solution
Let the principal be Rs. 100x. SI = (100x × 12 × 8)/100 = 96x Amount = 100x + 96x = 196x Therefore, ATQ (196x/100) × (96/100) – X = 5730.40 x{(196 × 96 – 10000)/10000} = 5730.40 so, x = 6500
A sum of money at a certain rate of interest when compounded annually becomes ₹625 in 4 years and ₹675 in 5 years. What is the rate of Interest per ...
The compound interest on a certain sum, compounded half-yearly at an annual rate of 20% for one year, is Rs. 540 less than the simple interest on the sa...
Avantika gets a SI of Rs.4800 on a certain principal at the rate of 6%p.a. in 4 years. What CI will she get on twice the principal in two years at the ...
In 3 years, Rs. 6000 amounts to Rs. 7986 at certain rate of compound Interest, compounded annually. Find the rate %?
The C.I on a sum of Rs. 6400 becomes Rs. 1276.5625 in 9 months. Find the rate of interest, if the rate of interest is compounded quarterly?
The simple interest on a sum of money will be Rs. 800 after 10 years. If the principal is tripled after 5 years, what will be total interest at the end ...
A person took a loan of Rs 1500 from an investor for at 20% p.a. on compound interest for 2 years. But he paid only 80% of amount after 2 years. And inv...
Rahul invested ₹4,000 in a scheme offering a compound interest rate of 16% per annum, compounded semi-annually. Calculate the t...
The compound interest on a certain sum in 2.5 years at 10% p.a., interest compounded yearly, is 1,623. The sum is:
What will Rs. 40,000 amounts to in 3 years at the rate of 20% p.a., if interest is compounded yearly?
