Question
Shivam invested 20000 at 12% p.a. simple interest for
‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.23200. What is the value of ‘x’ (in years)?Solution
=> (20000 × 12 × x)/(12 × 100) = 23200 – 20000 => 200 × x = 3200 => x = 16 years
A sum is lent on compound interest for 2 years at 13% p.a. If the compound interest on the sum is Rs.3045.9, find the sum.
'The sums of money owned by 'Ajay' and 'Vijay' are in the ratio of 7:5, respectively. 'Ajay' invested his amount for 5 years at a simple interest rate o...
A and B started a business with initial investments of Rs. 26000 and Rs. 27000 respectively. After one year, a profit of Rs. 10600 is earned. A being a ...
Rs.7600 is divided into two parts such that if one part be invested at 4% and the other at 5%, the annual interest from both the investments is Rs. 336....
Mr. P invested Rs. ‘2x’ in scheme ‘A’ offering simple interest of 20% p.a. and reinvested the interest earned from scheme ‘A’ at the end of ...
Rs. 14000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 20 less than the i...
An amount of Rs. (y-2800) was invested on simple interest at the rate of (R+1)% per annum for 6 years. An another amount of Rs. (y+3200) was invested on...
Rs. 5,500 is invested in scheme ‘A’ offering simple interest of 15% p.a. and Rs. 8,000 in scheme ‘B’ offering simple interest of 5% p.a. What is...
- Rs. 6,500 becomes Rs. 8,190 in 3 years at simple interest. Determine the rate of interest per annum.
The amounts invested by 'P' and 'Q' in Funds 'X' and 'Y' are in the ratio of 8:5. If 'P' invested ₹4800 more than 'Q,' determin...
Relevant for Exams:
