Question
A sum of money was invested at an annual compound interest rate of 8%, with interest compounded yearly. After 2 years, the total interest earned was Rs. 3,328. Determine the initial amount of money that was invested.
More Simple and compound interest Questions
- At what rate percent compounded yearly will Rs. 5000 amount to Rs 5408 in 2 yrs?
- A certain amount doubles in 4 years under simple interest at a r% per annum. If Rs.10,000 is invested at (r + 5)% simple interest per annum, then find the ...
- Vishal has certain sum of money with him. He invested 80% of the sum in scheme ‘X’ offering 15% p.a. simple interest for 8 years and received Rs. 3960 as i...
- Nisha placed Rs. 25,000 in plan 'P' and Rs. 40,000 in plan 'Q'. Plan 'P' earns 14% simple interest annually for 2 years, and plan 'Q' earns 9% per annum fo...
- Rs. 5,500 is invested in scheme ‘A’ offering simple interest of 15% p.a. and Rs. 8,000 in scheme ‘B’ offering simple interest of 5% p.a. What is the differ...
- 'V' invested Rs. 15,000 in Provident Fund 'P,' which provides 20% compound interest for two years, compounded annually. He subsequently invested the amount...
- Manoj deposited a sum of money in a scheme that offers 10% annual compound interest for a period of three years. If the total interest he earned at the end...
- Rs. 5000 when invested at simple interest of r% p.a. amounts to Rs. 6000 in 24 months. If the same sum had been invested for 1 year at compound interest of...
- A certain sum of money is amount to Rs. 62500 in 3 years at 25% per annum compounded annually, what is the sum of money?
- A person 'P' invested Rs. 800 for 2 years at an interest rate of 'a'% per annum, Rs. 450 for 4 years at an interest rate of (a - 2)% per annum, and Rs. 120...
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