Question
Meera deposited Rs. ‘W’ in a bank offering compound interest of 9% p.a. compounded annually. After 3 years, she invested the amount received from the bank in scheme ‘G’ and ‘H’ in the ratio of 5:4 respectively. Scheme ‘H’ offers compound interest of 25% p.a. compounded annually while scheme ‘G’ offers simple interest of 10% p.a. If total interest received by her from schemes G and H together at the end of 2 years is Rs. 2970, then find the value of ‘W’.
More Simple and compound interest Questions
- Priya invested Rs. 9,000 in scheme ‘C’ at simple interest of 5% p.a. for ‘t’ years and Rs. 9,000 in scheme ‘D’ at simple interest of 14% p.a. for 3 years. ...
- What is the interest earned when Rs. 4000 is invested for 2 years in a scheme which offers compound interest (compounded every 12 months) of 25% p.a.
- The simple interest received on a certain sum is Rs. 480 less than the sum invested. If the sum was invested at 12% p.a. for 7 years, then find the simple ...
- A certain sum was invested at simple interest. After 5 years, it became (117/ ninety) times the amount it had reached in 3 years. Find the annual rate of i...
- A man takes a loan of Rs. 50,000 from a bank at a simple interest rate of 10% per annum. He immediately lends the same amount to a friend at a compound int...
- Sneha lends Rs. 10,400 on simple interest at 9% annually for 2 years. If she receives Rs. '2k' at the end, calculate the product of digits of 'k'.
- On a sum of Rs 5,000 at 10% per annum for 2 years, what is the difference between compound interest (compounded annually) and simple interest?
- In what time will Rs. 9000 amount to Rs. 11979 @ 10% compound interest?
- Sam invested a certain sum in scheme A for 5 years and in scheme B for 3 years, a sum which was double of that invested in scheme A. Both the schemes offer...
- What will be the net CI on Rs. 8000 for 4 years at 20% p.a compounded annually?
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
