Question
Aman invested Rs. 'a' and Rs. (a + 2100) in SIP 'P' and 'Q', respectively, in a way that the amounts received from both SIPs after 2 years are equal. If SIP 'P' and 'Q' provide compound interest (compounded annually) at rates of 25% p.a. and 20% p.a., respectively, then determine the value of 'a'.
More Simple and compound interest Questions
- A sum of money grows to Rs. 2,800 in 3 years and Rs. 3,280 in 5 years under simple interest. What is the original principal amount?
- What sum of money must be given at simple interest for 3 months at 4% per annum in order to earn Rs. 240 interest?
- An amount was invested at simple interest for 2 years. If the rate had been 8% higher, the interest would have increased by Rs. 320. What is the principal ...
- Compound interest on a certain sum of money for 2 years is Rs.5160 while the simple interest on the same sum for the same time period is Rs.4800. Find the ...
- A certain sum of money earns Rs. 360 as Simple Interest and Rs. 381.6 as Compound Interest over a period of 2 years. What is the rate of interest?
- At what rate percent per annum will a sum of money become four times its original amount in 12 years at simple interest?
- Ashish invests an amount of Rs. 'A' into two different SIPs, named 'P' and 'Q', for durations of 3 years and 2 years respectively. The first SIP 'P' yields...
- A sum of Rs 10,000 is invested at r% per annum. The simple interest for 2 years is Rs 1,600. Find (a) the rate of interest, and (b) the compound amount a...
- A certain sum is invested at a compound interest rate, compounded annually, which grows to Rs. 12,240 after 2 years and to Rs. 17,625.6 after 4 years. If 8...
- A man invested a certain amount of sum at 10% per annum simple interest and earned an interest of Rs. 3000 after 5 years. If the same amount is invested at...
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)