Question
A man deposited 20% of his salary to a bank which offers compound interest at the rate of 10% p.a. If the interest earned by him from the bank after 2 years is Rs. 4200, find the monthly expenditure of the man which is 55% of his monthly salary.
More Simple and compound interest Questions
- If the rate of interest is 5% compounded quarterly. What will be the approximate amount if P invests Rs.5000 for 1 year?
- A sum of Rs.15 is lent to be returned in 16 months installments of Rs.1 each, interest simple. The rate of interest is: -
- 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...
- If the difference between the simple interest and compound interest, compounded annually, received on a principal amount of Rs. 25000 at an interest rate o...
- The simple interest earned on 2,400 at a rate of 5% per annum for 3 years is RS x and RS 1,736 is the simple interest earned on RS 6,200 at a rate of 14% f...
- A man invested certain sum at 10% p.a. simple interest for his son who was 17 years old. If the amount received by the son when he was 30 years old is Rs. ...
- A sum becomes 5 times in 20 years under simple interest at the rate of r% per annum. Find the rate of interest.
- A sum of money amounts to Rs 6050 in 2 years and Rs 6655 in 3 years at compound interest, interest being compounded annually. What is the rate of interest ...
- A sum of Rs. (5x + 500) at 15% per annum earns Rs. 4500 over 6 years. Find the interest earned when Rs. (7x + 200) is invested at the same rate for the sam...
- Anjali invested Rs.8000 in a scheme offering compound interest of x% p.a. compounded annually. If at the end of 2 years, interest received by her from the ...
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
