Question
Vishal has certain sum of money with him. He invested 80% of the sum in scheme ‘X’ offering 15% p.a. simple interest for 8 years and received Rs. 3240 as interest. He then invested the amount received from scheme ‘X’ in scheme ‘Y’ for 2 years at 50% p.a., compound interest compounded annually. Find the amount received by Vishal from scheme
Vishal has certain sum of money with him. He invested 80% of the sum in scheme ‘X’ offering 15% p.a. simple interest for 8 years and received Rs. 3240 as interest. He then invested the amount received from scheme ‘X’ in scheme ‘Y’ for 2 years at 50% p.a., compound interest compounded annually. Find the amount received by Vishal from scheme
B.
More Simple and compound interest Questions
- If a sum of Rs. 6,500 is to be borrowed for 2 years at 10% per annum compounded half-yearly, find the compound amount (integer values only).
- What principal amount, when invested at an annual simple interest rate of 3.6% for 15 years, will generate an interest of Rs. 4,050?
- Asha invests Rs. ‘X’ for 3 years at simple interest of 14% p.a. Veer invests the same amount for 2 years at compound interest of 12% p.a. If the difference...
- A man invests a total of ₹50,000 in two schemes A and B. Scheme A offers simple interest at 12% p.a. for 3 years. Scheme B offers compound interest at 10% ...
- 'Fatima' deposited Rs. 6,500 in a SIP at simple interest of 10% p.a. If she earned Rs. 3,900 as interest, then find the duration (in years) for which the m...
- Mr. Ajay invested in two schemes A and B contributing compound interest @ 5% pa and 7% pa respectively. If the entire amount of interest in two years was ₹...
- A man buys a laptop at Rs. 18,000. He pays Rs.6,000 at once and the rest after 18 months on which he is charging a simple interest at the rate of 15% per a...
- P deposits ₹(A - 10,000) in a bank at an interest rate of 10% per annum, compounded half-yearly, for 1 year. Meanwhile, Q invests ₹(A + 15,000) in the same...
- Pawan invested Rs. 12,000 in a Systematic Investment Plan (SIP) that provides compound interest at an annual rate of 25%, compounded yearly for 2 years. Af...
- The compound interest (compounded annually) on Rs 8200 for 2 years at R% p.a is Rs 1722. Had the rate of interest been (R+10)% p.a what would have been the...
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)