Login / Signup

Question

Rs. 15000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 50 less than the interest received on investing Rs. Y for a year at simple interest of 50% p.a.. Find the value of ‘Y’.

A 9773

B 9705

C 9675

D 9775

E None of these

Practice Next

More Simple and compound interest Questions

'X' invested Rs. 2,00,000 at compound interest of ___% p.a., compounded once every 4 months. If he kept the amount invested for 12 months, then interest ea...
A sum of Rs. 6000 at a certain rate of interest in simple interest for six years is amounted to Rs. 11400. If the same sum of money at same rate of interes...
A man invested certain sum at 9.5% p.a. simple interest for his son who was 14 years old. If the amount received by the son when he was 27 years old is Rs....
An initial investment of Rs. x, when placed in an account offering r% per annum as simple interest over a period of 16 years, grows to five times its origi...
Manoj lent Rs. 60,000 to Ajit at compound interest of 10% p.a. (compounded annually) for 2 years. Ajit returned the amount by calculating simple interest. ...
Rs. 9000 is invested in scheme ‘A’ for 2 years and Rs. 7500 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 10% p.a. If the int...
Ravi shared Rs. (x + 3600) between his two kids, Arjun and Bharat, in the ratio of 5:3. Arjun put his share in a simple interest scheme at 10% p.a. for 4 y...
A deposited Rs. 3500 at 35% per annum compound interest in scheme A for 2 years. After 2 years, he deposited total amount at 10% simple interest per annum ...
A sum of money grows to Rs 9,600 in 2 years when invested at a simple interest rate of 10% per annum. If the same sum of money is invested at the same inte...
Amit invested a total of Rs. 14,000, dividing the amount between two schemes: one offering compound interest (compounded annually) and the other offering s...

Hey! Ask a query

ask-question