Question
Calculate the principal amount 'x' for which the simple interest accrued over 5 years at an annual rate of 24% is equivalent to the compound interest earned in 2 years on an amount of Rs. (x – 50), compounded annually at a rate of 50%. What is the value of 'x'?
More Simple and compound interest Questions
- A sum of Rs.15 is lent to be returned in 16 months installments of Rs.1 each, interest simple. The rate of interest is: -
- The difference between compound interest and simple interest on a certain sum at 20% per annum for 3 years is Rs. 576. Find the sum invested.
- A man invested amount X in scheme A at 8 % per annum simple interest for 2 years which gives him the interest of Rs 1840. Find the compound interest if he ...
- Ankita invested Rs. 1800 at an annual interest rate of (a + 5)%, and she earned a total interest of Rs. 1404 after three years. Now, if she decides to inve...
- If the ratio of the sum invested and simple interest received after 1 year is 25:14 respectively, then find the rate of interest.
- By investing Rs. 6,000 for 'a' years at an annual compound interest rate of 15%, the interest gained amounted to Rs. 1,935. Determine the simple interest e...
- Arjun borrowed Rs. 5000 at R% S.I. and Rs. 6000 at (R + 5)% S.I. for 2 years. The total interest paid was Rs. 2800. Find the rate at which he borrowed Rs. ...
- A sum becomes Rs. 5100 in 3 years and Rs. 6100 in 5 years at simple interest. What would be the interest if this sum is invested at 10% p.a. compound inter...
- A certain amount is split equally between two investment plans. One offers simple interest and the other compound interest, both at the same annual rate co...
- 'P' invests a certain amount at an annual compound interest rate of 15% for two years, earning Rs. 3870 in interest. He then reinvests the total sum she re...
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
