Question
The simple interest received on a certain sum is Rs. 500
less than the sum invested. If the sum was invested at 10% p.a. for 6 years, then find the simple interest received.Solution
Let the sum invested be Rs. x Therefore, simple interest received = Rs. (x – 500) According to the question, {(x × 10 × 6)/100} = x – 500 => 0.60x = x – 500 => 0.40x = 500 => x = 500/0.40 = 1250 Therefore, simple interest received = x – 500 = 1250– 500 = Rs. 750
The difference between CI (annual) and SI on a certain amount at 15% p.a. for 2 years is Rs. 450. Determine the amount.
Determine the compound interest earned on a principal amount of Rs. 10,000, which is invested at an annual interest rate of 42%, with interest being com...
A invest Rs. X at 10% compound interest for 3 years. If difference between the interest of 3rd year and 2nd year is Rs. 1210, find the value of X.
What will be the amount payable on Maturity of ₹2,250 invested for three years 20% p.a. interest compounded yearly?
A sum of money amounts to Rs 1024 in 4 years and Rs 1458 in 7 years at a compound rate of interest. What is the rate of interest per annum?
Find the compound interest on Rs. 5000 at 8% per annum for 2 years, compounded annually.
A man invests ₹30,000 in a scheme offering compound interest at 15% per annum, compounded half-yearly. Another man invests ₹35,000 in a scheme offer...
What is the compound interest on a sum of Rs 12,000 for 2(5/8) years at 8% p.a., when the interest is compounded annually? (nearest to a rupee)
Find the compound Interest on Rs. 16,000 @15 % p.a for 2 years 4 month Compounded annually?
An article is marked 35% above its cost. If a profit of 20% is earned by selling the article, then the discount per cent offered on the marked price of ...
Relevant for Exams:
