Question
Shivam invested 24000 at 10% p.a. simple interest for ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.29400. What is the value of ‘x’ (in years)?
Solution
=> (24000 × 10 × x)/(12 × 100) = 29400 – 24000 => 200 × x = 5400 => x = 27 years
More Simple and compound interest Questions
- Rs. 2,800 increases to Rs. 3,640 in 4 years at a simple interest rate of r% per annum. If Rs. 7,000 is put at 2r% per annum for 1 year, how much interest w...
- A sum is invested at a certain rate (p.a.) of compound interest (compounded annually). The interest earned after 1st year and after 2 years of investment i...
- Rs. 5000 when invested at simple interest of r% p.a. amounts to Rs. 7200 in 24 months. If the same sum had been invested for 1 year at compound interest of...
- A person lent a sum at simple interest for 6 years. If the rate had been 5% more, he would have earned Rs. 750 extra. What was the principal?
- Aman lends 50% of his sum of money at 17% per annum, 40% of rest at 12% per annum and the rest at 15% per annum rate of interest. What would be the annual ...
- An amount of Rs. 'x' is invested at a simple interest rate of 15% per annum and grows to Rs. 14,500 after 3 years. If the same amount Rs. 'x' is instead in...
- Rs. (n + 150) invested on simple interest amounts to Rs. 1,950 and Rs. 2,250 in 3 years and 5 years, respectively. Find the value of 'n'.
- The simple interest received on a certain sum is Rs. 4500 less than the sum invested. If the sum was invested at 5% p.a. for 15 years, then find the simple...
- The interest earned when a sum is invested at simple interest of 16% p.a., for 3 years, is Rs. 2400. What will be the total amount received after 2 years o...
- A sum doubles in 20 years at simple interest. What is the rate of interest?
Relevant for Exams:
