Question
Piyush initially took a loan from Vivek at a simple interest rate of 8% per annum, and after a duration of two years, he repaid the borrowed amount. Subsequently, he secured another loan amounting to two-thirds of the initial sum from Rajan, also at a simple interest rate, but at 12% per annum for another period of two years. The aggregate sum borrowed by Piyush across these transactions totaled Rs. 25,000. Calculate the total amount Piyush repaid to both Vivek and Rajan.
More Simple and compound interest Questions
- A sum becomes five times itself in 16 years at simple interest. Find the value of r.
- ‘P’, ‘Q’ and ‘R’ put in ₹32,000, ₹20,000 and ₹28,000 respectively. They remain invested for 3 months, 6 months and 9 months. If the total profit is ₹58,500...
- At what % of simple interest per annum will Rs. 320 amount to Rs. 480 in five years?
- Simple interest received at the rate of 12% p.a. for 6 years on a principal amount of Rs. 8000 is twice of the simple interest received at 10% p.a. for 6 y...
- If the simple interest for 5 years is equal to 20% of the principal, then the interest will be equal to the principal after ________ years.
- A sum is invested at a certain rate (p.a.) of compound interest (compounded annually). The interest earned after 1st year and after 2 years of investment i...
- Jeeva invested Rs. 30,000 at a compound interest rate of 24% per annum, compounded annually, for 2 years. After these two years, she decided to utilize the...
- Amit took a loan of Rs. 36000 at 10% per annum simple interest for 3 years. He invested the full amount in a scheme offering 13% p.a. simple interest for 3...
- Vishwas has Rs. 5000. He gives this money to Manoj on simple interest and after 4 years received the double amount. If the interest rate is 5% more than th...
- A certain sum becomes triple in 8 years at simple interest. Find the rate of interest.
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)