Question
Suppose 'S' invested Rs. 40,000 each at 12% p.a. in two different Funds for 2 years, with one Fund offering compound interest (compounded annually) and the other offering simple interest, what is the difference between the interest earned from both Funds?
More Simple and compound interest Questions
- Rs. 10,200 is the amount after 2 years when invested at r% p.a. in simple interest. If the rate had been (r + 6)% p.a., the final amount would be Rs. 10,92...
- Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 1100 and Rs. 1...
- A sum of money amounts to Rs. 5,320 in 4 years at simple interest at 8% per annum. What is the principal?
- Ankit invested a total of Rs. 63,000 between two SIPs: 'P', offering 10% compound interest compounded annually, and 'Q', offering 12% simple interest per a...
- A sum of money gets eight times in 15 years , in how many years it will be 512 times in CI?
- The interest received by investing Rs. 4000 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple intere...
- Simple interest and compound interest (compounded annually) earned on a certain sum at the end of 2 years are Rs. 3600 and Rs. 3744. Find the rate of inter...
- A sum of money will amount to Rs. 672 in 2 year & in 3 year it is to be 714 in compound interest . Find the rate of interest?
- Sunil invested Rs. ‘5x’ in scheme ‘A’ offering simple interest of 25% p.a. and reinvested the interest earned from scheme ‘A’ at the end of 4 years in sche...
- A certain amount earns simple interest of Rs. 1360 after 4 years. Had the interest been 5% more, how much more interest would it have earned?
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)