Question
'S' undertook an investment endeavor by allocating a capital denoted as 'a + 1000' into a scheme yielding a straightforward interest rate of 20% per annum for a duration of three years. Simultaneously, 'A' ventured into a financial enterprise involving an amount 'a - 4000' invested in a compound interest scheme at a 20% annual rate for a three-year period.If the difference between interest earned from both investments is Rs. 1,080, Determine then which of the following statement(s) is/are true?
'S' undertook an investment endeavor by allocating a capital denoted as 'a + 1000' into a scheme yielding a straightforward interest rate of 20% per annum for a duration of three years. Simultaneously, 'A' ventured into a financial enterprise involving an amount 'a - 4000' invested in a compound interest scheme at a 20% annual rate for a three-year period.If the difference between interest earned from both investments is Rs. 1,080, Determine then which of the following statement(s) is/are true?
I. The variable 'a' can take multiple values.
II. The minimal admissible value for 'a' proves to be less than the grand threshold of 10,000.
III. 'a' is compelled to be an integer of even number."
More Simple and compound interest Questions
- A sum when invested at simple interest of 10% p.a. amounts to Rs. 26,000 after 3 years. If the same sum was invested at simple interest of 8% p.a. for 5 ye...
- The simple interest on a sum of money at 6% per annum for 5 years is Rs. 1800. Find the principal.
- Meera had Rs. 3500 with her. She invested Rs. ‘c’ at 14% p.a. simple interest for 6 years and the remaining sum at 20% p.a. compound interest, compounded a...
- A man deposited 25% of his salary to a bank which offers compound interest at the rate of 10% p.a. If the interest earned by him from the bank after 2 year...
- A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs.2700 after 3 years. If the same amount is invested a...
- If the difference between the simple interest and compound interest, compounded annually, on Rs. 40,000 at (r + 4)% rate of interest for 2 years is Rs. 256...
- At what rate of simple interest per annum will a sum of money become double in 12 years?
- A man invested Rs.22000 in a fixed deposit scheme for 3 yrs at CI of 5% p.a. How much will a man get on maturity of the fixed deposit?
- A certain amount becomes four times in 25 years under simple interest at a r% per annum. If Rs.8,000 is invested at (r − 4)% simple interest per annum, the...
- A man invested Rs. 5,000 at simple interest of 'x%' p.a. and received Rs. 12,000 after 2 years. If he had invested Rs. 25,000 at simple interest of 'x%' p....
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)