Question
Rs. 7000 is invested in scheme ‘A’ for 2 years and Rs. 5000 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 15% 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 of Rs. 100 is invested at 10% per annum compound interest (compounded annually) for two years. How much interest will be received after two years?
- A took a loan of Rs.5320 at simple interest of 20% p.a. and invested the same money in a scheme at simple interest of 30% p.a. Find the profit earned by A ...
- An amount of Rs. 3,600 grows to Rs. 4,680 in 6 years under simple interest at the rate of r% per annum. If Rs. 4,500 is invested at a rate of 1.8r% per ann...
- A man invests a sum of (6000 + 200x) rupees at 10% p.a. simple interest for 2 years. If he had invested the same sum at 12% p.a. simple interest for 2 year...
- Neha deposited Rs. 3000 at (R + 6)% per annum simple interest and received Rs. 2160 as interest in 3 years. What would be the interest if she invested the ...
- If Rs. 8,000 grows to Rs. 10,960 in 2 years at simple interest, what is the yearly interest rate?
- At what rate percent per annum will a sum of Rs 5000 amount to Rs 5750 in 3 years at simple interest?
- A sum of Rs. 3600 is invested at simple interest for 2 years. If the rate interest for first year is 12% p.a. while 20% p.a. for second year, then find the...
- A sum of Rs. 6,000, earning simple interest at an annual rate of 'r%' for 5 years, grows to Rs. 9,000. Calculate the total amount obtained if the same sum ...
- A certain sum is invested at an interest rate of 24% per annum, compounded annually, for 2 years, and the compound interest earned after this period is Rs....
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)