Question
Rs. 9000 is invested in scheme ‘A’ for 2 years and Rs. 7500 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 10% 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
- Compound interest on a certain sum of money for 2 years is Rs.2860 while the simple interest on the same sum for the same time period is Rs.2600. Find the ...
- A certain amount, when invested at a simple interest rate of 18.2% per annum, grows to Rs. 14,552 in 4.5 years. What is the initial sum invested?
- Someone puts Rs. 18,000 in a scheme offering simple interest at ‘x%’ annually and receives Rs. 22,500 after 2.5 years. If he had instead invested Rs. 15,00...
- A man puts Rs. 3,000 in a scheme and gets a simple interest of Rs. 540 in 2 years and 4 months. What is the rate of interest per annum?
- Rs. 2500 is invested in scheme ‘A’ for a year at simple interest of 25% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in scheme ‘B’ ...
- The difference between the simple interest and the compound interest on 25000/- at 10% per annum for 2 years is:
- A principal amount of ₹5p grows to ₹(5p + 660) in 2 years at an annual interest rate of 20% compounded yearly. Determine the compound interest earned when ...
- At simple interest, a sum of money amounts to Rs 8,400 in 2 years and Rs 8,800 in 4 years. Find the rate of interest per annum.
- A sum of Rs. 6000 amounts to Rs. 7260 at 10% p.a., interest being compounded yearly in a certain time. The simple interest earned (in Rs.) on the same sum ...
- An initial investment of Rs. 10,000 is made at an annual compound interest rate of 10% for 4 years. After 2 years, an additional Rs. 5,000 is invested. Det...
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
