Question
Rs. 6,500 is invested in scheme ‘A’ offering simple
interest of 14% p.a. and Rs. 9220 in scheme ‘B’ offering simple interest of 5% p.a. What is the difference in interests earned from the two schemes after 3 years?Solution
Interest earned from scheme ‘A’ = (6500 × 3 × 14) ÷ 100 = Rs. 2730 Interest earned from scheme ‘B’ = (9220 × 3 × 5) ÷ 100 = Rs. 1383 So, difference in interest earned = 2730 – 1383 = Rs. 1347
Anna and Ben initially invested Rs. 12,500 and Rs. 15,000 in a business venture. Six months into the business, Anna added another Rs. 2,500 to her inves...
Rohit and Dev invested ₹32,000 and ₹18,000 respectively. For the next four months after the first month both kept on adding ₹2000 every month. In ...
A and B started a business by investing sum in the ratio 5:8 respectively for 6 and 10 months respectively. If annual profit earned by B is Rs.2200, the...
‘Riya’ invested Rs. 1,600 in a business. After 9 months, ‘Simran’ joined her with 50% of Riya's capital. If the total annual profit is Rs. 4,500...
- P and Q started a business by investing Rs. 2500 and Rs. 4000 respectively. After 12 months, P increased his capital by 40% and Q decreased his capital by ...
A spent 25% of his monthly income on study and 55% of the remaining on rent. If amount spent on rent is Rs. 825, then find the amount spent on study
Anuj and Bheem began a business by investing Rs. Z and Rs. (Z + 2,500), respectively. After operating together for 16 months, Anuj withdrew from the bus...
A invests half of the amount invested by B. B left after 4 months. C joins them with the capital of X Rs in a month after B had withdrawn from the busin...
A and B started a retail store with initial investments in the ratio 5:6 and their annual profits were in the ratio 2:3. If A invested the money for 6 m...
‘M’ started a business with an investment of Rs. 5000. After 2 months ‘N’ joins the business with an investment of Rs. 2950. If the total profit...
Relevant for Exams:
