Question
Rs. 6500 is invested in scheme ‘A’ for 2 years and Rs. 6500 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 14% p.a. If the interest received from both the schemes are equal, then find the rate of simple interest (p.a.) offered by scheme ‘B’.
More Simple and compound interest Questions
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- Find the approx. compound interest on Rs. 5000 at 4% per annum for 2 years compounded half yearly?
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