Question
Rs. 2400 is deposited into scheme 'A' offering a simple
interest rate of 25% per annum over a period of 8 years. Simultaneously, Rs. 2500 is placed in scheme 'B' that provides a 20% annual compound interest, with the interest being compounded yearly for 2 years. Calculate the disparity in the interest amounts accrued from these two schemes.Solution
Interest received from scheme ‘A’ = (2400 × 25 × 8)/100 = Rs. 4800 Interest received from scheme ‘B’ = 2500(1 + 20/100)2 – 2500 = Rs. 1100 Required difference = 4800 – 1100 = Rs. 3700
More Simple and compound interest Questions
16 of 25 - 12 of 15 = ? of 5 of 11Â
?% of 120 × 3√343 = 42 × 20
42 + 52% of 300 - ?% of 200 = 88
What value should come in place of the question mark (?) in the following question?
468 × 4 − 350 ÷ 7 + 130
- Calculate the value of this expression:
(180 - 90 ÷ 6 of 2) ÷ 5 + 3 of 16 ÷ 4 - 12 of 4 ÷ 8 24% of 150% of 500 + 140 = ? × 8Â
36.76 + 2894.713 + 34965.11 =?
4? + 82 = 22% of 300
33 + ? = 40% of 1420
Determine the simplified value of the given mathematical expression.
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