Question
Rs. 8800 is invested in scheme ‘A’ for a year at simple interest of 20% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in scheme ‘B’ which offers compound interest (compounded annually) of 40% p.a. What is the total amount received from scheme ‘B’?
More Simple and compound interest Questions
- A certain amount invested at 16% p.a. compound interest, compounded annually, grows to Rs. 6969.6 in 18 months. What will be the simple interest earned if ...
- 'P' invests a certain amount at an annual compound interest rate of 15% for two years, earning Rs. 3870 in interest. He then reinvests the total sum she re...
- Ankit invested Rs. 12,000 in a scheme that offers compound interest at an annual rate of x%, compounded once a year. After 2 years, he received an interest...
- Mr. X invested Rs. 800 in two schemes, A and B in the ratio of 7:3, respectively. Scheme A and B are offering simple interest at rate of 6% per annum and 1...
- A sum of money doubles itself in 8 years at simple interest. In how many years will it become four times itself at the same rate of interest?
- A person invested Rs. ‘x’ in account A and Rs. ‘x/2’ in account B. Account A gives 4% simple interest per annum while account B gives 7%. After 5 years, th...
- Some amount out of Rs. 15000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 4 years the total interest from both the amount ...
- Simple interest earned on an amount of Rs.1400 at rate of R% per annum after 3 years is Rs.210. Find the simple interest earned on an amount of Rs.1600 at ...
- Rs. 15,000 becomes Rs. 21,900 after 6 years on simple interest. What is the rate of interest per annum?
- A man deposited Rs.2000 at a simple interest rate of 25% per annum for 4 years. He then reinvested the amount he received into a compound interest scheme f...
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)