Question
A man deposited Rs. 12000 at 10% compound interest, compounded annually while Rs. 10500 at 13% simple interest per annum. What will be the difference between the compound interest and the simple interest earned by him after 3 years?
More Simple and compound interest Questions
- Rs. 18,000 is invested at simple interest at 8% per annum for some years. If the interest earned is Rs. 8,640, for how many years was the money invested?
- A man invested Rs. 20,000 at simple interest of 10% p.a. If he had instead invested the same sum on compound interest of 10% p.a., compounded annually, the...
- Calculate the compound interest earned by depositing Rs. 8,000 at an annual interest rate of 40%, compounded quarterly, for 9 months.
- A sum of money invested at 18% per annum simple interest for 3 years earns Rs. 540 more interest than it does when invested at 15% per annum compound inter...
- If Rs. 15000 is invested at 14% per annum, compounded yearly, calculate the interest earned in one year.
- If the ratio of the sum invested and simple interest received after 1 year is 25:6 respectively, then find the rate of interest.
- Simple interest received at the rate of 12% p.a. for 10 years on a principal amount of Rs. 3600 is twice of the simple interest received at 10% p.a. for 6 ...
- What will be the ratio of simple interest earned on certain amount at the same rate of interest for 6 years and that for 14 years?
- The simple interest on a sum of Rs X in 5 years is (2/5)of the principal. What is the annual rate of interest?
- The simple interest accrued in five years on a principal of Rs. 50,000 is one – tenth of the principal. What is the rate of simple interest p.a.?
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
