Question
Rishi invested a sum of money for 2 years in a simple interest scheme at an annual rate of 30%, and received Rs. 7200 at the end of this period. Calculate the interest earned if the same amount is invested for 1 year at a compound interest rate of 30%, with interest being compounded every six months.
More Simple and compound interest Questions
- Calculate the simple interest on Rs. 7,500 at the rate of 12% per annum for 18 months.
- What would be the annual interest accrued on a deposit of Rs.24,550 in a bank that pays a 22% per annum rate of simple interest?
- Ajay invested a sum of money, represented as Rs. 'x', in a financial plan that yields a 10% annual compound interest. After three years, the total interest...
- 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...
- There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 16,000 after 3 years at the same rate?
- A person 'A' invested a sum at an annual simple interest rate of 15% for 2 years. If the rate of interest is raised by 5%, the simple interest increases by...
- Rs. (n + 300) invested on simple interest amounts to Rs. 3,000 and Rs. 3,600 in 4 years and 6 years, respectively. Find the value of 'n'.
- Rs. ’P’ invested at a rate of 8% p.a. compound interest (compounded annually) amounts to Rs. 7231.68 at the end of 2 years. Find the simple interest earned...
- Amit invested Rs. (x + 150) in Scheme A at a simple interest rate of 15% p.a. for 4 years, and the interest received is Rs. 900. He then invested Rs. 5x in...
- A sum is lent on compound interest for 2 years at 9% p.a. If the compound interest on the sum is Rs.2445.3, find the sum.
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)