Question
A man invests a sum of money in two schemes: Scheme A offers 12% simple interest per annum, and Scheme B offers 15% compound interest per annum. He invests ₹50,000 in Scheme A for 3 years and ₹40,000 in Scheme B for 2 years. What is the total amount he receives after 3 years from both schemes?
More Simple and compound interest Questions
- A man invested certain sum at 10% p.a. simple interest for his son who was 17 years old. If the amount received by the son when he was 30 years old is Rs. ...
- Rs. 6,300 is invested in scheme ‘A’ offering simple interest of 12% p.a. and Rs. 3500 in scheme ‘B’ offering simple interest of 8% p.a. What is the differe...
- At what % of simple interest per annum will Rs. 400 amount to Rs. 580 in five years?
- 'Meeru' deposited Rs. 9,600 in a SIP at simple interest of 15% p.a. If she earned Rs. 7,200 as interest, then find the duration (in years) for which the mo...
- 'S' allocated 40% of his monthly income to SIP P, where it accrues a simple interest of 18% p.a. The remaining 60% was directed to SIP Q, with a compound i...
- A man borrowed money at a 22% per annum simple interest. If he paid Rs. 10,450 after 36 months to clear his debt, how much did he originally borrow?
- A sum of Rs. 8000 amounts to Rs. 9680 at 10% p.a., interest being compounded yearly in a certain time. The simple interest earned (in Rs.) on the same sum ...
- Raju invested a certain sum at 25% p.a. compound interest, compounded annually, and earned an interest of Rs. 2925 in 2 years. What will be the interest wh...
- A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs.2700 after 3 years. If the same amount is invested a...
- A man invested certain sum at 9.5% p.a. simple interest for his son who was 14 years old. If the amount received by the son when he was 27 years old is Rs....
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)