Question
Rs. 13000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 10 less than the interest received on investing Rs. Y for a year at simple interest of 10% p.a.. Find the value of ‘Y’.
More Simple and compound interest Questions
- Raju invests a certain amount at an annual simple interest rate of 6% for 2 years. The total amount he receives after this period is then reinvested at an ...
- Simplify and express as a fraction: 1.2 ÷ 0.3 + 0.75
- Jupiter borrowed a sum of Rs 31,500 from Mars at the rate of 14% per annum for 3 years. He added some more money in it and lent it to Saturn at the rate of...
- If the difference in interest between two banks on Rs 500 for 2 years is 12.50 then what will be the difference in their rates?
- Ramesh invested Rs. 8,000 in scheme ‘X’ offering simple interest of 15% p.a. After 3 years, he reinvested the total interest earned from scheme ‘X’ in sche...
- Person K invested Rs. 4500 at a compound interest rate of 20% per annum (compounded annually) for 2 years, while person P invested Rs. 5400 at a simple int...
- A sum of money will amount to Rs. 672 in 2 year & in 3 year it is to be 714 in compound interest . Find the rate of interest?
- A sum is invested at a certain rate (p.a.) of compound interest (compounded annually). The interest earned after 1st year and after 2 years of investment i...
- What is the interest earned when Rs. 4000 is invested for 2 years in a scheme which offers compound interest (compounded every 12 months) of 25% p.a.
- Sunil invested Rs. ‘4x’ in scheme ‘A’ offering simple interest of 25% p.a. and reinvested the interest earned from scheme ‘A’ at the end of 4 years in sche...
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