Question
A and B started a business with initial investments of Rs. 25000 and Rs. 40000 respectively. After one year, a profit of Rs. 3250 is earned. A being a working partner gets 15% of the profit for managing the business and rest of the profit is shared between them in the ratio of their investments. A invested his whole profit in a scheme offering 20% compound interest compounded annually. Find the interest earned by A after 2 years.
More Simple and compound interest Questions
- The difference between compound interest and simple interest on a sum of Rs. 20,000 for 2 years at the same rate is Rs. 200. What is the annual rate of int...
- A man invested Rs. 't' in scheme 'I' offering simple interest at 11% for 7 years and Rs. 2,700 in scheme 'J' offering simple interest at 13% for 6 years. I...
- Sameer deposited Rs. 28,000 in fund 'E' and Rs. 36,000 in fund 'F'. Fund 'E' gives 13% simple interest for 3 years and fund 'F' gives 11% interest per annu...
- A sum of money amounts to ₹8700 in 2 years at a simple interest rate of 8% per annum. If the same sum is invested at compound interest with the same rate a...
- A sum of ₹20,000 is invested at 10% per annum compound interest , compounded annually, for 2 years . What is the compound interest earned?
- Atul has Rs.200 with him. He invested 40% of the amount at 5% p.a. for 6 years and rest at 20% p.a. for 5 years. Find the sum of simple interests received ...
- Find the simple interest and total amount on ₹6500 at 6% per annum for 4 years.
- A man invested Rs.45000 in a fixed deposit scheme for 3 yrs at CI of 12% p.a. How much will a man get on maturity of the fixed deposit?
- The simple interest accrued in five years on a principal of Rs. 50,000 is one – tenth of the principal. What is the rate of simple interest p.a.?
- The difference between compound interest and simple interest on a certain sum at 20% per annum for 3 years is Rs. 576. Find the sum invested.
Relevant for Exams:
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)