Question
Find the rate of simple interest at which Rs. 6000 should be invested for 2 years so that the interest earned will be same as the interest received when the same amount is invested at 40% at compound interest compounded annually for same time period.
More Simple and compound interest Questions
- At what rate percent per annum will a sum of Rs 5000 amount to Rs 5750 in 3 years at simple interest?
- Aman invested two equal amounts in two different projects. In the first project, the amount is invested at 5% p.a. on SI for T years and the SI received is...
- A took a loan of Rs.5410 at simple interest of 20% p.a. and invested the same money in a scheme at simple interest of 30% p.a. Find the profit earned by A ...
- A businessman invests an equal sum in Scheme A and Scheme B. Scheme A gives simple interest at 25% per annum for 4 years. Scheme B gives compound interest ...
- A man invested Rs. 6,000 at simple interest of 'x%' p.a. and received Rs. 12,000 after 2 years. If he had invested Rs. 30,000 at simple interest of 'x%' p....
- A sum of money grows to Rs. 4,900 in 4 years and Rs. 5,600 in 6 years under simple interest. What is the original principal amount?
- What will be the compound interest earned on an investment of Rs. 20,000 over a period of 3 years at an annual interest rate of 12%, compounded yearly?
- A sum was put at simple interest at a certain rate for 7 years. Had it been put at 6 % higher rate, it would have fetched Rs. 1260 more. Find the sum?
- Rs. 2800 when invested at 8% p.a. for (x + 5) years gives a simple interest of Rs. 4480. Find the amount received when the same sum is invested at 5% p.a. ...
- Aman invested Rs. x at a simple interest rate of 15% per annum. If after 6 years, the total interest earned was Rs. ‘2x – 1800’, then find the value of x.
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)