Question
'M' placed a specific amount of money into the 'SBI' Mutual Fund, which provides a 15% per annum simple interest rate. Simultaneously, 'M' invested the same amount in the 'HDFC' Mutual Fund, which offers a 15% per annum compound interest rate, compounded annually. After a period of 2 years, the difference between the interest earned from 'SBI' Mutual Fund and 'HDFC' Mutual Fund was Rs. 675. Determine the total amount 'M' received from the 'HDFC' Mutual Fund at the end of 2 years.
More Simple and compound interest Questions
- The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 20% p.a. for 2 years, is Rs. 150. If Rs. (P...
- Priya lent Rs. 10,000 to her colleague at a compound interest rate of 'a%' per annum, compounded annually. A year later, the colleague paid back Rs. 10,800...
- An amount becomes six times of itself in 50 years at simple interest. Find the value of (2R + 30).
- A certain amount was deposited at compound interest of x% per annum, compounded annually. It grows to Rs. 6400 in 2 years and Rs. 9216 in 3 years. Determin...
- The difference between the compound interest compounded annually and simple interest of a sum at 18% p.a. for 2 years is Rs. 324. Find the sum.
- R' invested an amount of Rs. 'r' for a duration of 4 years, while 'S' invested Rs. 6000 for 18 months. The ratio of their respective profits is 16:9. Deter...
- Rs. 180000 is invested at x% simple interest for 5 years and it becomes Rs. 207000. What will Rs. 120000 amount to if it is compounded for 2 years at (x + ...
- Karan saved Rs. x in a fixed deposit at 12% simple interest per annum. If the total interest after 5 years amounts to Rs. ‘1.8x – 1000’, determine the valu...
- A took loan from a bank at the rate of 17%p.a. simple interest. After 5 years he had to pay Rs.6800 interest only for the period. The principal amount borr...
- Simple interest on a sum of Rs.5100 at some r% is for t years is Rs.918. If r and t are integers and 1 < r < t, then find the minimum simple 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)