Question
Rs. ‘P’ was invested in scheme A at the rate of 30% per annum on compound interest for 3 years. Rs. (P+9875) was invested in scheme B at the rate of 24% per annum on simple interest for ‘T’ years. The interest obtained from both of the schemes (A and
- B is the same. If Rs. (P-2000) was invested in scheme C at the rate of 25% per annum on simple interest, then after 6 years Rs. 57000 was obtained as an interest. Which of the following statements is/are true? (1) The value of ‘T’ is an even number. (2) The value of ‘P’ is the multiple of 6. (3) (P/12)-5T = 3303
More Simple and compound interest Questions
- A sum of ₹9,000 is invested at 8% per annum simple interest for 3 years . What is the simple interest earned?
- Rs. 6,500 becomes Rs. 8,190 in 3 years at simple interest. Determine the rate of interest per annum.
- Simplify and express as a fraction: 1.2 ÷ 0.3 + 0.75
- A man invested Rs. 'r' in scheme 'E' offering simple interest at 14% for 6 years and Rs. 3,000 in scheme 'F' offering simple interest at 10% for 3 years. I...
- A sum of money, invested for 6 years on 5% per annum simple interest, amounted to ₹169 on maturity. What was the sun invested?
- A invested Rs.600 at r% rate of simple interest for 20 months while B invested Rs.900 at 16% rate of simple interest for r months. If they together receive...
- At what % of simple interest per annum will Rs. 600 amount to Rs. 720 in five years?
- Ankit deposits a sum of money at an annual compound interest rate of 12%. Over a period of 3 years, the interest accumulated amounts to Rs. 864. If he incr...
- A person deposited Rs. 30,000 in a savings account that earned simple interest at a rate of 'x%' per annum. After 2 years, the total amount in the account ...
- 'X' invested Rs. 18,000, splitting the amount between two SIPs: 'P' offering 8% per annum simple interest and 'Q' offering 10% per annum compound interest,...
Relevant for Exams:
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)