Question
Akshay invested Rs. 960 in two schemes P and Q in the respective ratio of 5:3. Scheme P and Q are offering simple interest at the rate of 7% per annum and 10% per annum, respectively. Find the interest obtained after 2 years from scheme P.
More Simple and compound interest Questions
- Jeevan borrowed an amount of Rs. 'x' from a bank. Out of this, he lent 25% of the borrowed amount to Jeshu at a simple interest rate of 20% per annum for 2...
- An equal sum of money is invested in two schemes which offer interest at the same rate but one at simple interest and the other at compound interest (compo...
- The difference between compound interest and simple interest on a sum for 2 years at 10% per annum, when the interest is compounded annually is Rs. 25. If ...
- Suresh invests a certain amount at an annual simple interest rate of 5% for 5 years. The total amount received after 5 years is reinvested at an annual sim...
- If the compound interest on a certain sum of money for two years at 9% p.a. is ₹3,762, then the sum is:
- A sum of Rs.10 is lent by a child to his friend to be returned in 11 monthly instalments of Rs.1 each, the interest being simple. The rate of interest is:
- Rohan had Rs. 5000 with him. He invested 40% of the sum at 10% p.a. and the rest at 15% p.a., both at simple interest for 3 years each. Find the total inte...
- A man invested a certain amount of sum at 10% per annum simple interest and earned an interest of Rs. 3000 after 5 years. If the same amount is invested at...
- A person invests Rs. 2,400 at simple interest and receives Rs. 288 as interest in 1 year and 8 months. What is the rate of interest per annum?
- If Rs. 10,000 is invested at a simple interest rate of 8% per annum, it accrues Rs. 1,200 as interest over a period of 't' years. Given the same duration '...
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)