Question
A certain sum amounts to ₹22,494 in 7 years at x% per annum on simple interest. If the rate of simple interest per annum had been (x + 4) %, the amount payable after 7 years would have been ₹25,9120. Find the sum invested.
100y+6xy+28y=25920 128y+6xy =25920…put the value of eq (1) 128y+22494-100y=25920 28y=3426 Y=122.35 Total Sum =100×122.35 =12235.More Simple and compound interest Questions
- A certain sum of money becomes Rs. 1500 in 1 year and 2800 in 3 years at certain rate of simple interest. Find the sum of money invested.
- If the ratio of the sum invested and simple interest received after 1 year is 25:11 respectively, then find the rate of interest.
- An equal sum of money is invested in two schemes which offer interest at the same rate but one at simple interest and the other at compound interest (compo...
- Vishal has certain sum of money with him. He invested 80% of the sum in scheme ‘X’ offering 15% p.a. simple interest for 8 years and received Rs. 2040 as i...
- A man borrowed money at a 22% per annum simple interest. If he paid Rs. 10,450 after 36 months to clear his debt, how much did he originally borrow?
- M invested Rs. 27,000 in two Mutual Funds, 'Axis Funds' and 'ICICI Funds,' for 5 years and 2 years, respectively. 'Axis Funds' provide simple interest at 2...
- Rs 2000 are invested at 5% p.a simple interest. If the interest is added to the principal after every 10 years, the amount will become Rs 4000 after
- Waqar borrowed Rs. ____ on compound interest at 15% p.a. compounded annually. After __ years, the rate of interest changed to 20%. At the end of 4 years, h...
- Aman invested a total of Rs. 85,000 in two schemes—one offering 12% annual compound interest and the other offering 14% annual simple interest. If the tota...
- A sum of money amounts to ₹6,720 at simple interest in 3 years at 12% per annum. What is the principal ?
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
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)