Question
The total amount in SIP 'X' after 3 years, invested at a simple interest rate of 12% per annum, is Rs. 18,360. If an amount equal to 80% of the investment in SIP 'X' is invested for 2 years at a compound interest rate of 10% per annum, compounded annually, determine the interest earned.
More Simple and compound interest Questions
- At what annual rate of compound interest (compounded yearly) will Rs 5000 amount to Rs 5832 in 2 years?
- Simple interest earned on an amount of Rs. 2000 at rate of R% per annum after 4 years is Rs. 288. Find the simple interest earned on an amount of Rs. 1500 ...
- A certain sum of money becomes Rs. 1250 in 1 year and 2500 in 3 years at certain rate of simple interest. Find the sum of money invested.
- The difference between compound interest and simple interest on ₹10,000 at 10% per annum for 2 years is ____.
- A sum of Rs. 6,000 earns Rs. 1,080 as simple interest in 3 years. What will be the simple interest on Rs. 8,000 for 4 years at the same rate?
- On a sum of Rs 5,000 at 10% per annum for 2 years, what is the difference between compound interest (compounded annually) and simple interest?
- A invested Rs. ‘x’ in a scheme offering compound interest of 25% p.a. compounded annually. If at the end of 2 years, interest received by A was Rs. (x – 17...
- Amit invested Rs. 12,500 at a simple interest rate of 5.2% per annum for 6 years. Calculate the total amount he will receive.
- Some amount out of Rs. 15000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 4 years the total interest from both the amount ...
- A man wants to invest Rs. 60660 in bank accounts of his two sons whose ages are 12 years and 16 years in such a way that they will get equal amount at an a...
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
