Question
Rs. 5500 is invested in scheme ‘A’ for 3 years and Rs. 4000 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 16% 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
- A sum doubles in 8 years at compound interest. In how many years will it become 4 times?
- A person invested Rs. 50,000 for 4 years at a simple interest rate of 11%. What is the total amount after 4 years?
- A certain sum of money becomes 6000 in 6 years and Rs. 6240 in 10 years at any certain rate of simple interest. Find the principal amount.
- Mr. X invested Rs. 900 in two schemes, A and B in the ratio of 7:3, respectively. Scheme A and B are offering simple interest at rate of 7% per annum and 1...
- The simple interest received on a certain sum is Rs. 500 less than the sum invested. If the sum was invested at 12% p.a. for 8 years, then find the simple ...
- "A person 'P' deposited Rs. ‘a’ in SIP 'A' and Rs. ‘b’ in SIP 'B'. He invested in SIP 'A' for 4 years at a simple interest rate of 5% p.a., while in SIP 'B...
- The simple interest on an amount of Rs. x at an annual rate of 4% for 3 years is Rs. 120 less than the simple interest on an amount of Rs. (x – 800) at an ...
- A certain sum at CI amounts to Rs 1800 in 3 yr and to Rs 2700 in 6 yr. Then the sum is ?
- A invested Rs. ‘x’ in a scheme offering compound interest of 12% p.a. compounded annually. If at the end of 2 years, interest received by A was Rs. (x – 74...
- An amount becomes eight times of itself in 56 years at simple interest. Find the value of (6R − 25).
Relevant for Exams:
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)