Question
The amount becomes ₹ 1,475.25 in one year on a simple
rate of interest. If the rate of interest was 2% higher, the amount would have been ₹ 27 more. What is the amount invested?Solution
Let invested amount =100 Rs. The interest rate is increasing by 2%, hence the amount has increased by Rs 27. So, I can say - 2=27 1=13.5 100=100×13.5=1350 Rs
Abhishek invested Rs. 7996.89 in a business for 3.98 months and then left the business. Bhuvan invested Rs. 1998.68 more than Abhishek for (2/3) r...
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 investe...
Rs. 10000 when invested at simple interest of r% p.a. amounts to Rs. 12000 in 24 months. If the same sum had been invested for 1 year at compound intere...
The compound interest received on investing Rs. 4500 for 2 years at compound interest of 20% p.a compounded annually is how much percentage more than th...
A sum of Rs.80 is lent to be returned in 90 months installments of Rs.10 each, interest simple. The rate of interest is: -
Rina lent Rs. 18,000 to her brother at a compound interest rate of 'y%' per annum, compounded annually. After one year, her brother paid her Rs. 19,440 ...
- Karan invested Rs. 45,000 in scheme 'X' and Rs. 30,000 in scheme 'Y' on simple interest. Scheme 'X' offers 10% p.a. for 3 years and scheme 'Y' offers 8% p....
On a certain sum, the difference between compound interest and simple interest for 2 years at 5% per annum is Rs 50. Find the sum.
A sum of 74000 is divided into two parts such that the simple interest on the first part for 3 years at 15% per annum is equal to the simple interest on...
A sum doubles in 9 years at simple interest. Find the rate of interest per annum is.
Relevant for Exams:
