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. 4500 and Rs. 5400 respectively. Find the rate of interest.Solution
Simple interest for 1 year = 4500/2 = Rs. 2250 Difference between compound Interest and Simple Interest for 2 years = 5400 – 4500 = Rs. 900 Desired rate = 900/2250 × 100 = 40%
More Simple and compound interest Questions
Find the missing number in the given number series.
58, 86, 142, ?, 478, 926
7, 6, 10, 27, 104, ?
Find the missing number (?) in the given number series.
2, 6, 18, 54, ?, 486
A series given below follows a certain pattern,
1800, 469, (?), 855, 980, 953
If (?) = B – 2, then find the nearest cube root of B.
142, 148, 160, 178, ?, 232
15.975 ×27.825 + (76.01)² + 12.98×18.426 = ?+ (79.09)²
43, 56, 82, ?, 173, 238
4, 9, 24, 69, ?, 609
2, 2, 6, 30, ?, 1890
Find the missing number in the given number series.
3, 7, 18, 38, 69, ?
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