Question
Ajay invested Rs.24,000 in Fund 'P' for a duration of 4
years, where it earns simple interest at a rate of 22.5% per annum. The amount obtained from Fund 'P' is subsequently invested in Fund 'Q,' which provides simple interest at a rate of 20% per annum for 2 years. Determine the interest received from Fund 'Q.'Solution
ATQ, Interest received from Fund 'P' = 24000 × (22.5/100) × 4 = Rs. 21,600 So, the sum invested in Fund 'Q' = Amount received from Fund 'P' = 24000 + 21600 = Rs. 45,600 Interest received from Fund 'Q' = 45600 × (20/100) × 2 = Rs.18,240
A certain sum when invested for 3 years in a scheme offering simple interest of 15% p.a. gives an interest of Rs. 693. What is 125% of the sum invested?
If you invest Rs. 5,000 in a fixed deposit account with an annual interest rate of 8%, compounded annually, how much money will you have after 3 years?
What will be the ratio of simple interest earned on certain amount at the same rate of interest for 8 years and that for 10 years?
An amount of 'P' was invested at simple interest at the rate of (R - 2)% per annum. It becomes Rs. 7,200 in 4 years and Rs. 10,800 in 8 years. What is t...
Bittu, Tittu and Mitthu invested Rs. 80000, Rs. 100000 and Rs. 120000 respectively to start a business . Partnership condition is that, each will get in...
If the simple interest for 6 years be equal to 60% of the principal. It will be equal to the principal after
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 t...
A man invested Rs. 8,000 at simple interest of 'x%' p.a. and received Rs. 16,000 after 2 years. If he had invested Rs. 24,000 at simple interest of 'x%'...
Anita and Rohan each invested a sum of ₹12,000 for 2.5 years at 20% compound interest per annum. However, while for Anita the interest was compounded ...
B invested Rs. 8000 in a compound interest scheme for 2 years at an annual interest rate of x%. If he received Rs. 3520 as interest, find the rate of in...
Relevant for Exams:
