Question
The interest earned on investing Rs. 6000 for 2 years at the rate of 8% p.a., compounded annually, is used to purchase an article. If the article is later sold at 25% profit, then find the selling price of the article.
More Simple and compound interest Questions
- A sofa of MRP 2500 is available in Rs.500 cash down payment and 9 monthly equal installment of Rs.250 each. Find the rate of interest per annum.
- Rs. 5000 is invested in scheme ‘A’ for 2 years and Rs. 8000 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 16% p.a. If the int...
- Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 4500 and Rs. 5...
- A farmer wants to divide Rs 1,22,000 between his sons , who are 18 and 20 years old respectively, in such a way that the sum divided at the rate of 20% per...
- Raju invests a certain amount at an annual simple interest rate of 6% for 2 years. The total amount he receives after this period is then reinvested at an ...
- A sum of money doubles itself in 5 years at simple interest. What is the rate of interest per annum?
- Nisha placed Rs. 25,000 in plan 'P' and Rs. 40,000 in plan 'Q'. Plan 'P' earns 14% simple interest annually for 2 years, and plan 'Q' earns 9% per annum fo...
- Ravi invests Rs. 'p' in Scheme 'X' and Rs. (p + 3,000) in Scheme 'Y'. Scheme X gives simple interest at 10% per annum for 24 months, while Scheme Y offers ...
- What will be the differnce between SI & CI on Rs. 15000 for 3 years at rate of 10% per annum ?
- A certain sum when invested for 3 years in a scheme offering simple interest of 16% p.a. gives an interest of Rs. 1128. What is 160% of the sum 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)