Question
Rs. 8000 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 6% 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
- Vaishali invested Rs. (X + 3000) on compound interest of r% p.a. compounded annually for 2 years and Tanushi invested Rs. (X – 2000) on simple interest of ...
- Find the difference between the compound interest and simple interest on Rs 5,000 at 10% per annum for 2 years.
- A man invested Rs. 't' in scheme 'I' offering simple interest at 11% for 7 years and Rs. 2,700 in scheme 'J' offering simple interest at 13% for 6 years. I...
- A sum of ₹2,00,000 is invested for 3 years at a compound interest rate of 5% for the first year, 7% for the second year, and 10% for the third year. Calcul...
- What sum of money will become Rs.1352 in 2 years at 4 percent per annum compound interest?
- A certain amount becomes Rs. 7,680 in 6 years and Rs. 9,120 in 9 years on simple interest. Determine the rate of interest per year.
- The simple interest accrued in five years on a principal of Rs. 50,000 is one – tenth of the principal. What is the rate of simple interest pa?
- A woman lent Rs. 29500 at 13% p.a. compound interest, compounded annually for two years. After two years, the total amount earned by the woman is again len...
- An amount of Rs. x is invested in SIP ‘A’ under compound interest at a rate of 16% per annum, compounded annually, for 2 years. Another amount, Rs. (2x−500...
- At simple interest, a sum of Rs 6,000 becomes Rs 7,080 at 8% per annum. For how many years was the money invested?
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)