Question
A man invested Rs. 'C' at simple interest of 20% and Rs. 'C + 2000' at simple interest of 16% p.a., for 3 years each. If the interest earned from both investments is the same, then find the sum invested at the lower rate of interest.
Or, 6C=(C+2000)×4.8 Or, 6C=4.8C+9600 Or, 1.2C=9600 Or, C=8000 So, sum invested at lower interest = 8000 + 2000 = Rs. 10,000More Simple and compound interest Questions
- A man invests a total of ₹50,000 in two schemes A and B. Scheme A offers simple interest at 12% p.a. for 3 years. Scheme B offers compound interest at 10% ...
- The difference between compound interest and simple interest at the same rate for Rs. 1200 for 2 years is Rs. 48. The rate of interest per annum is:
- A sum of money becomes 3 times of itself in 4 years when invested on simple interest. In how many years will it become 9 times of itself if the rate of int...
- Vikram invested Rs. 2400 at R% p.a. simple interest for 4 years and Rs. 800 at (R + 9)% p.a. simple interest for 8 years. If the total interest earned equa...
- Kamal invested Rs. 6,250 in scheme 'A', which provided a simple interest rate of 13% per annum. After 4 years, he reinvested the entire interest earned fro...
- Rs. 85Y when invested for 4 years at simple interest of 11% p.a., yields an interest of Rs. 2992. If Rs. 105Y is invested for 3 years at compound interest ...
- Rs. 6500 is invested in scheme ‘A’ for 2 years and Rs. 6500 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 14% p.a. If the int...
- What sum of money must be given at simple interest for 3 months at 5% per annum in order to earn Rs. 220 interest?
- Simple interest on Rs. 1500 at R% per annum for 2 years is Rs. 240. Find the simple interest on Rs. 2000 at (R + 5)% per annum for 4 years.
- The difference between compound and simple interest on a sum of money for 2 years at 4% per annum is Rs. 728. The sum is:
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
