Question
The interest earned when a sum is invested at simple interest of 20% p.a., for 3 years, is Rs. 3000. What will be the total amount received after 2 years on investing the same sum at compound interest (compounded annually) of 10% interest p.a.?
More Simple and compound interest Questions
- A sum of ₹9,000 is invested at 8% per annum simple interest for 3 years . What is the simple interest earned?
- 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 ...
- Raj invested equal amounts in two schemes x and y at compound interest. In scheme x, the rate of interest was 8% per annum and in scheme y the rate of inte...
- Simple interest earned on an amount of Rs. 2600 at rate of R% per annum after 4 years is Rs. 1300. Find the simple interest earned on an amount of Rs. 1200...
- A sum of Rs. 3200 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...
- The difference between compound interest and simple interest at the same rate for Rs. 1200 for 2 years is Rs. 48. The rate of interest per annum is:
- Amit invested Rs. 20,000 at simple interest of 10% p.a. If he withdrew Rs. 4,000 after every one year, then find the total interest earned by Amit at the e...
- Raghav invested Rs.1,800 at an annual compound interest rate of 'r%', compounded annually, resulting in a compound interest of Rs.792 after two years. Dete...
- Sameer invested Rs. (R + 1000) at simple interest of 20% p.a. for 3 years. Ajeet invested Rs. (R - 4000) at compound interest of 20% p.a. for 3 years. If t...
- An amount of Rs. 15,000 is deposited in a compound interest scheme that gives 10% interest for the first year and 14% interest for the second year. Calcula...
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)