Question
Anil initiated his financial journey by investing Rs. 7500 in a Contra fund, which offered a simple interest rate of 18% per annum for a duration of 2 years. After this period, he harnessed the compounded power of the accumulated amount by transferring it to another fund with an interest rate of 20% per annum, compounded annually, for 2 years. Determine the total interest earned by Anil at the end of four years ?
More Simple and compound interest Questions
- The simple interest accrued in five years on a principal of Rs. 50,000 is one – tenth of the principal. What is the rate of simple interest p.a.?
- What is the total amount received from an investment of Rs. 8,000 for a period of 18 months, if the compound interest is calculated at 18% per annum and co...
- If a sum of money invested on simple interest becomes 4 times of itself at 'R%' p.a. in 6 years, then find the value of '0.4R'.
- A man, after making the first investment, earned a total interest of Rs. 1,09,200 at the end of 3 years. He invested a certain amount at an annual compound...
- If Rs. 10,000 is invested at a simple interest rate of 8% per annum, it accrues Rs. 1,200 as interest over a period of 't' years. Given the same duration '...
- A certain principal amounts to Rs. 6300 in 6 years and Rs. 7100 in 8 years on simple interest. Calculate the interest earned when invested at 15% p.a. comp...
- A sum of ₹8,500 amounts to ₹11,900 in 5 years at simple interest per annum. If the rate of interest is increased by 3%, then the increased amount for the s...
- 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. 2700 and Rs. 2...
- A and B started a business with initial investments of Rs. 28000 and Rs. 35000 respectively. After one year, a profit of Rs. 10000 is earned. A being a wor...
- Anjali invested Rs. 3200 at (R + 6)% p.a. simple interest and earned an interest of Rs. 2304 in 3 years. What would be the interest if the same amount is i...
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)