Question
A man deposited 25% 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. 2730, find the monthly expenditure of the man which is 54% of his monthly salary.
More Simple and compound interest Questions
- Neil buys a Camera priced at 32000. He pays 8000 at once and the rest after 15 months on which he is charges a simple Interest at the rate of 18% per annum...
- The interest received on investing Rs. 15,000 for 5 years at simple interest of 'y%' p.a. is Rs. 18,750. Find the total amount received on investing Rs. 12...
- A sum of money is invested at simple interest at (x + 2)% per annum for 3 years and the interest earned is Rs. 3,000. The same sum invested at x% per annum...
- Amit invested ₹8000 into a SIP that earns simple interest at 12% annually for 3 years. Pawan deposited an unknown amount in a SIP with a simple interest ra...
- A person deposits Rs 12,000 in a savings scheme for 5 years. The scheme offers simple interest at 7% per annum for the first year, 9% per annum for the nex...
- Ravi lends Rs. 10,000 to two of his friends. He gives Rs.5,000 to the first at 15% p.a. simple interest. Ravi wants to make a profit of 20% on the whole. T...
- A man invested certain sum at simple interest of r% p.a. such that it amounts to 110% of itself in 4 years. Find the interest earned when Rs. 3400 is inves...
- Shivam invested 24000 at 12% p.a. simple interest for ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.26400. What is the value of...
- At a certain rate of simple interest, a sum becomes five times of itself in 32 years. What is the value of (5R - 18)?
- The compound interest on a certain amount, compounded semi-annually at a rate of 10% per half year for one year, is Rs. 810 less than the simple interest e...
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)