Question
Shankar borrowed Rs. 7,200 at simple interest and repaid an amount of Rs. 9,504 after 7 years. If the interest rate p.a charged for first 4 years was 5% p.a., find the interest rate p.a. charged for the last 3 years.
More Simple and compound interest Questions
- A sum triples itself in 8 years at simple interest. Find the rate of interest per annum is.
- A sum of Rs 10,000 is deposited at 9% simple interest per annum. What will be the amount after 3.5 years?
- A man deposits Rs. 36,000 at a simple interest rate of 25% per annum. What will be the total amount after 30 months?
- Pawan distributed his investment as follows: 25% of the total at an annual interest rate of 6%, 1/5th of the total at 8% per year, and the remaining portio...
- Calculate the compound interest earned by depositing Rs. 8,000 at an annual interest rate of 40%, compounded quarterly, for 9 months.
- Rohit invested a sum on compound interest at 'R%' per annum (compounded annually), which amounts to ₹8,000 and ₹11,520 in 2 years and 4 years respectively....
- ‘P’, ‘Q’ and ‘R’, each of them invested Rs. 2000 at the rate of 16% p.a., 24% p.a. and 36% p.a., respectively for 8 years, 3 years and 6 years, respectivel...
- A certain sum of money invested at a rate of 36% p.a. amounts to Rs. 30417.5 at the end of 15 months if the rate of interest is compounded 5 monthly. Find ...
- 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 pa?
- A sum was put at simple interest at a certain rate for 7 years. Had it been put at 6 % higher rate, it would have fetched Rs. 1260 more. Find the sum?
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)