Question
A certain sum of money invested at R% p.a. fetches a
compound interest (compounded annually) of 1800 and simple interest of Rs.1600 at the end of 2 years. Find the value of ‘R’.Solution
Difference between compound interest and simple interest for 2 years = 1800 – 1600 = Rs.200 Simple interest for 1 year = 1600/2 = Rs.800 So, R = (200/800) × 100 = 25%
More Simple and compound interest Questions
- A series is given with one term missing. Choose the correct alternatives from the given ones that will complete the series.
57, 59, 56, 61, 54, ___ - Which letter-cluster will replace the question mark (?) in the following series?
RGV, UME, ?, AYW, DEF - Select the number from among the given options that can replace the question mark (?) in the following series.
17, 18, 22, 31, 47, ___ - Which letter and number cluster will replace the question mark (?) to complete the given series?
LT6, KU12, IW24, FZ48, ____ - Which letter-cluster will replace the question mark (?) in the following series?
NPQR, OORQ, PNSP, ____, RLUN
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