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
- Rajan invested Rs. 18,000 in a scheme offering x% p.a. simple interest for x years. Interest earned by him after ‘x’ years is Rs. 11520. Find the interest ...
- Mitch placed Rs. 32,000 in a compound interest account with an annual rate of 30%, compounded semi-annually. After investing for a period of 15 months, cal...
- A sum when invested at simple interest of 10% p.a. becomes Rs. 2,100 in 5 years. If the same sum was invested at compound interest of 20% p.a. for 2 years,...
- The difference between compound interest and simple interest at rate of 28% per annum for 2 years is Rs. 392. Find the simple interest obtained on same amo...
- A sum becomes 13 times of itself when invested for 60 years at r% simple interest per annum. Find the compound interest earned if Rs. 20,000 is invested at...
- The certain sum amounts to Rs 9,982.50 in 2(1/2) years at 12% p.a., interest compounded 10-monthly. The sum (in Rs) is:
- A man invested certain sum at simple interest of r% p.a. such that it amounts to 140% of itself in 2 years. Find the interest earned when Rs. 3200 is inves...
- Amit invested Rs. 96,000 in two SIPs labeled 'P' and 'Q.' SIP 'P' offers an annual interest rate of (p - 3)%, and SIP 'Q' offers (p + 3)% interest, both at...
- A sum of ₹15,625 is invested for 2 years at an annual interest rate of 8%. For the first 1.5 years, the interest is compounded semi-annually, and for the r...
- Rs. 7550 is invested in scheme ‘A’ for a year at simple interest of 30% p.a. The interest received from scheme ‘A’ is reinvested for 2 years in scheme ‘B’ ...
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)