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Amount invested in scheme A = (7/10) × 1600 = Rs. 1120 Amount invested in scheme B = (3/10) × 1600 = Rs. 480 Interest earned from scheme A = 1120 × 10% × 2 = Rs. 224 Interest earned from scheme B = 480 × 20% × 2 = Rs. 192 Therefore, required total interest = 224 + 192 = Rs. 416
Rahul invested a certain amount at a simple interest rate of 8% per annum, and after 6 years, it grew to Rs. 1,850. If he had instead invested the same ...
A sum of Rs. 40,000 is invested in SIP 'E' which offers 8% p.a. simple interest for 6 years. The interest received from SIP 'E' is invested in SIP 'F' w...
Raghav placed an amount of Rs. 'x' in an account with an annual compound interest rate of R%. After 3 years, the compounded annual amount is Rs.12167. A...
A certain sum amounts to ₹13000 after 4 years and to ₹16000 after 8 years at the same rate percent p.a. at simple interest. The simple interest (in ...
The difference between compound and simple interest on a sum of money for 2 years at 4% per annum is Rs. 580. The sum is:
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 or...
Amit invested a total of Rs. 14,000, dividing the amount between two schemes: one offering compound interest (compounded annually) and the other offerin...
Simple interest earned on an amount of Rs. 1000 at rate of R% per annum after 4 years is Rs. 200. Find the simple interest earned on an amount of Rs. 16...
After 2 years, the ratio between the compound interest obtained from scheme A and B is 99:115 respectively. The total initial investment of both of the ...
A person lent Rs. 15000 at SI for 2 years at rate 20%. The interest he got again lent at CI for 2 years at rate 10%. Find the amount he got after 2 years.