Question
Maya invested Rs. 5000 in scheme 'E' for 2 years and Rs.
6000 in scheme 'F' for 5 years. Both schemes offer a simple interest rate of 10% per annum. Find the difference in the interest received from these schemes.Solution
ATQ, Interest from scheme 'E': 5000×0.1×2=Rs.1000 Interest from scheme 'F': 6000×0.1×5=Rs.3000 Difference in interest: 3000−1000=Rs.2000 Answer: The difference in interest received from both schemes is Rs.2000.
More Simple and compound interest Questions
D irection: Which of the following will replace ‘?’ in the following series
460, 462, ‘?’, 467.5, 470.97
...12, 6, 6, 9, 18, ?
11 33 66 112 173 ? .
7 26 238 962 8522 ...
127 470 254 ? 315 342
...5, 14, 41, 122, 365, 1094, ?
3 5 15 75 1125 ?
...13 24 75 134 447 892
...13, 14, 18, 27, 43, ?
12 10 13 18.5 25.50 �...
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