Question
Mr. Ghanshyam deposited certain amount in the Bank at the end of each year. How much amount did he deposit at the end of each year at the rate of 15% simple Interest, so that he will get Rs. 980 at the end of 4th year?
Total Interest = 45 + 30 + 15 + 0 = 90 Total Amount = 400 + 90 = 490 units 490 units = 980 1 unit = 2 100 units = 200 
More Simple and compound interest Questions
- A sofa of MRP 2500 is available in Rs.500 cash down payment and 9 monthly equal installment of Rs.250 each. Find the rate of interest per annum.
- A man loans out Rs. 22,100 at a simple interest rate of 20% per annum. After 2 years, he reinvests the total amount received at an annual compound interest...
- A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs.2000 after 4 years. If the same amount is invested a...
- Ravi invested Rs. 48,000 in scheme 'A' which offers simple interest at 'r%' p.a. for 4 years. After 4 years, he received an amount of Rs. 84,000. Find the ...
- An initial investment of Rs. x, when placed in an account offering r% per annum as simple interest over a period of 16 years, grows to five times its origi...
- The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 20% p.a. for 2 years, is Rs. 120. If Rs. (P...
- Anjali invested Rs.14000 in a scheme offering compound interest of x% p.a. compounded annually. If at the end of 2 years, interest received by her from the...
- 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...
- A principal of Rs. 'x' is invested at an annual compound interest rate of 30%, compounded yearly, and grows to Rs. 2535 after 2 years. Calculate the simple...
- A man deposited 25% of his salary to a bank which offers compound interest at the rate of 10% p.a. If the interest earned by him from the bank after 2 year...
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)