Question
'X' deposited Rs.24000 at 20% per annum compound
interest in SIP 'P' while Rs.18600 at 24% per annum simple interest in SIP 'Q'. What would be his total interest after 3 yrs?Solution
ATQ, we can say that Interest earned from SIP 'P' = 24000 × {(1.2)3 – 1} = Rs. 17472 Interest earned from SIP 'Q' = 18600 × 0.24 × 3 = Rs. 13392 Required interest earned = 17472 + 13392 = Rs.30864
More Simple and compound interest Questions
Simplify: 48 ÷ 4 × 2 + 5 × (7 − 3)
560 ÷ 14 × 3 – 25 = ?
- What will come in place of (?) in the given expression.
(0.2 × 0.5) + (0.3 × 0.4) = ? √? × 4 - 374 + 127 + 300 = 117
If (7a + b) : (7a - b) = 7:3, then find the value of a:b?
- Find the simplified form of the following expression:
128 - 85 of 2 + 26 X 4 641.5 + 72 × 8 = ? × 4
What will come in the place of question mark (?) in the given expression?
48 × 1...
55% of ? = 45 + 20 × 6
What will come in place of the question mark (?) in the following expression?
46 – 5² + 8² + 3² = ? × 4
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