Question
Ravi invests Rs. 2,000 on simple interest at 'a%' p.a. for 4 years and earned an interest of Rs. 800. His friend Vinay invests Rs. 4,800 on simple interest at 30% p.a. for 'b' months and earned an interest of Rs. 3,600. Find the product of 'a' and 'b'.
More Simple and compound interest Questions
- The interest received by investing Rs. 4500 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple intere...
- Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 3500 and Rs. 3...
- At what rate percent compounded yearly will Rs. 5000 amount to Rs 5408 in 2 yrs?
- Amit deposited Rs. 18,000 in scheme ‘A’ which offers simple interest of 10% p.a., for 3 years and Rs. 7,000 in scheme ‘B’ which offers simple interest of 1...
- A sum of money lent at compound interest at the rate of 30% per annum is paid back in three equal annual installments of Rs.4394. Find the sum of money?
- A man wants to invest Rs. 60660 in bank accounts of his two sons whose ages are 12 years and 16 years in such a way that they will get equal amount at an a...
- A man deposits Rs. 36,000 at a simple interest rate of 25% per annum. What will be the total amount after 30 months?
- At what % of simple interest per annum will Rs. 600 amount to Rs. 720 in five years?
- A certain amount of money at simple interest amounts to ₹1,404 in 2 years and to ₹1,560 in 5 years. What is the rate of simple interest per annum ?
- A sum becomes Rs. 13,650 in 5 years at r% p.a. of simple interest. If the rate was (r + 3)% per annum, the same sum would grow to Rs. 14,700 in the same ti...
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
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)