Question
Aman invested 20% of an amount, denoted as Rs. 'P', in a compound interest scheme with an annual interest rate of 10%, compounded annually. After 2 years, he earned Rs. 840 in interest. Determine the value of 'P'.
More Simple and compound interest Questions
- A certain sum of money is amount to Rs. 62500 in 3 years at 25% per annum compounded annually, what is the sum of money?
- What is the interest earned when Rs. 8000 is invested for 18 months in a scheme which offers compound interest (compounded every 6 months) of 20% p.a.
- Arjun made two investments: the first was Rs. 1,600 at an annual simple interest rate of R% for a period of 2 years, and the second was Rs. 2,000 at an ann...
- Find the compound Interest on Rs. 8,000 @15 % p.a for 2 years 4 month Compounded annually?
- A man invested Rs. ‘x’ in Plan A and Rs. ‘x/2’ in Plan B. Plan A offers 4% p.a. and Plan B offers 7% p.a. simple interest. If after 3 years, the total inte...
- 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) rd of a ye...
- Priya deposited Rs. 16,000 in scheme ‘A’ which offers simple interest of 11% p.a., for 5 years and Rs. 9,000 in scheme ‘B’ which offers simple interest of ...
- 'The sums of money owned by 'Ajay' and 'Vijay' are in the ratio of 7:5, respectively. 'Ajay' invested his amount for 5 years at a simple interest rate of 2...
- Rs 2000 are invested at 5% per annum simple interest. If the interest is added to the principal after every 15 years, the amount will become Rs 4,000 after...
- Simple interest earned on an amount of Rs. 1000 at rate of R% per annum after 4 years is Rs. 200. Find the simple interest earned on an amount of Rs. 1600 ...
Relevant for Exams:
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
