Question
Arjun deposited Rs. ‘Z’ in a bank offering compound interest of 8% p.a. compounded annually. After 4 years, he invested the amount received from the bank in scheme ‘E’ and ‘F’ in the ratio of 8:3 respectively. Scheme ‘F’ offers compound interest of 22% p.a. compounded annually while scheme ‘E’ offers simple interest of 14% p.a. If total interest received by him from schemes E and F together at the end of 2 years is Rs. 3240, then find the approximate value of ‘Z’.
More Simple and compound interest Questions
- A sum of money grows to Rs. 1560 when invested at a simple interest rate of 15% per annum for 2 years. What will be the total amount received if the same s...
- The interest received on investing Rs. (8p + 400) on simple interest at 5% p.a. for 8 years is Rs. (3p + 240). Find the ratio (p + 100) :(p + 600)
- A borrowed Rs. 5200 from B for his business. How much amount A will return to B at the end of 15 months such that the sum was borrowed at simple interest o...
- Suresh earned an interest of Rs. 1032 on principal amount of Rs. 3200 at some rate of compound interest in 2 years. How much more/less interest would he ha...
- Simple interest received at the rate of 20% p.a. for 8 years on a principal amount of Rs. 6000 is twice of the simple interest received at 10% p.a. for 6 y...
- The difference between earned interest on the same amount invested for 2 years on compound interest and simple interest is Rs. 75. If interest rates are 5%...
- A sum of Rs. 2000 earns a simple interest of Rs. 600 in 5 years at R% per annum. Calculate the simple interest on Rs. 2500 at the rate of (R + 2)% per annu...
- A sum amounts to Rs 6900 in 2 years at 15% per annum simple interest. Find the principal.
- Riya deposited Rs. x in a savings account that gives 10% p.a. simple interest. If she received Rs. ‘1.5x – 1200’ as interest after 8 years, find x.
- An amount becomes five times of itself in 40 years at simple interest. Find the value of (3R + 10), where R is the rate of interest per annum.
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
