Question
A man invested Rs. 30,000 at simple interest of 8% p.a. If he had instead invested the same sum on compound interest of 8% p.a., compounded annually, then how much more he would have earned as interest after 4 years?
More Simple and compound interest Questions
- Karan saved Rs. x in a fixed deposit at 12% simple interest per annum. If the total interest after 5 years amounts to Rs. ‘1.8x – 1000’, determine the valu...
- Anjali invested Rs. 9,150 at a simple interest rate of 4% p.a. for 5 years. If she receives Rs. '2n' in total, what is the product of all digits in 'n'?
- Shivam invested 22000 at 12% p.a. simple interest for ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.27500. What is the value of...
- The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 20% p.a. for 2 years, is Rs. 15...
- Rohan deposited Rs. ‘Y’ in a bank offering compound interest of 10% p.a. compounded annually. After 3 years, he invested the amount received from the bank ...
- The difference between compound interest and simple interest on a sum of Rs 8,000 for 2 years at the same rate is Rs 20. Find the rate of interest per annu...
- Kamal invested Rs. 6,250 in scheme ‘A’ offering simple interest of 13% p.a. 4 years later, he reinvested the entire interest earned from scheme ‘A’ in anot...
- Suppose a specific amount is invested in a Life insurance policy at a simple interest rate of 15% per annum for 2 years, the interest earned amounts to Rs....
- The difference between the interest received on a certain sum at the rate of 35% p.a. and 30% p.a. respectively at simple interest for two years is Rs. 700...
- The amount becomes ₹ 1,451.25 in one year on a simple rate of interest. If the rate of interest was 2% higher, the amount would have been ₹ 27 more. What i...
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
