Question
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. 3500 and Rs. 3850 respectively. Find the rate of interest.Solution
Simple interest for 1 year = 3500/2 = Rs. 1750 Difference between compound Interest and Simple Interest for 2 years = 3850 – 3500 = Rs. 350 Desired rate = 350/1750 × 100 = 20%
More Simple and compound interest Questions
Match the following committees with their key recommendations:
Which of the following pairs is incorrectly matched?
- Which ministry signed an MoU with the Indian Navy to revive an ancient shipbuilding technique in 2023?
Who is appointed as the new Comptroller and Auditor General of India?Â
In which country has the first case of 'bird flu' been reported?Â
In January 2025, where was the 10 KW FM transmitter inaugurated for Akashvani Kokrajhar?
The region between Chhota Nagpur and Shilong plateau is:
- Which of the following metals is lighter than water?
Which Hindi weekly newspaper was started by Pandit Madan Mohan Malaviya in 1907?
- India signed a strategic partnership agreement in 2025 with which country to enhance cooperation in trade, investment, and energy?
