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
- An amount of Rs. 15,000 is deposited in a compound interest scheme that gives 10% interest for the first year and 14% interest for the second year. Calcula...
- A certain sum at CI amounts to Rs 1800 in 3 yr and to Rs 2700 in 6 yr. Then the sum is ?
- Rahul invested Rs. ‘x’ at 13% p.a. and Rohit invested Rs. (x + 300) at 12% p.a. If the interest after 3 years is Rs. 1755, find the value of ‘x’.
- Rs. 2800 when invested at 8% p.a. for (x + 5) years gives a simple interest of Rs. 4480. Find the amount received when the same sum is invested at 5% p.a. ...
- The excess of compound interest (annual compounding) over simple interest on a principal for 2 years at 10% p.a. is Rs. 200. Find the principal.
- A person invests ₹40,000 at a simple interest rate of 5% per annum for 2 years and reinvests the total amount, including interest, in a scheme offering com...
- Compound interest on a certain sum of money for 2 years is Rs.2600 while the simple interest on the same sum for the same time period is Rs.2500. Find the ...
- A certain sum of money is invested in two schemes: • Scheme A: Compound interest at 10% per annum, compounded annually, for 3 years. • Scheme B: Simple i...
- What sum of money at 120% compound interest per annum amounts to Rs.376.32 in 2 years?
- Rs. (x + 800) is invested at 12% simple interest per annum for 5 years. The interest earned is Rs. (x - 320). If Rs. (x - 400) is invested at 8% simple int...
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
