Question
Anjali invested Rs.14000 in a scheme offering compound interest of x% p.a. compounded annually. If at the end of 2 years, interest received by her from the scheme is Rs.2940 then find the value of ‘x’.
More Simple and compound interest Questions
- What is the compounded amount on a sum of 25,000 after three years at a rate of 12 percent per annum interest compounded yearly?
- David takes a loan of Rs. 20000 from his friend Alex, which he is to return at 10% p.a. simple interest after 5 years. Alex takes a loan from George, which...
- Amit invested Rs. 96,000 in two SIPs labeled 'P' and 'Q.' SIP 'P' offers an annual interest rate of (p - 3)%, and SIP 'Q' offers (p + 3)% interest, both at...
- 'P' allocated different portions of his savings, totaling Rs. 100,000, to three banks. The first portion was invested in Axis Bank at a simple interest rat...
- Rs. 7550 is invested in scheme ‘A’ for a year at simple interest of 30% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in scheme ‘B’ ...
- 'X' deposited Rs.24000 at 20% per annum compound interest in SIP 'P' while Rs.18600 at 24% per annum simple interest in SIP 'Q'. What would be his total in...
- A person invested a total of Rs. 50,000 in two different schemes. One scheme offers simple interest of 8% p.a., and the other scheme offers 12% p.a. If the...
- Vikram had Rs. 9500 with him. He invested 35% of the sum at 11% p.a. and the rest at 16% p.a., both at simple interest for 4 years each. Find the total int...
- Rs. 3200 when invested at 7.5% p.a. for (x + 6) years gives a simple interest of Rs. 4800. Find the amount received when the same sum is invested at 6% p.a...
- Pawan invested Rs. 1200 for 4 months, Qureshi invested Rs. 1600 for 6 months, and Raju invested Rs. 2000 for 12 months in a business. By what percentage is...
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