Question
An individual invests ₹1,200 at a simple interest rate
of 5% per annum. After 2 years, they add ₹800 to the investment, and the total amount remains invested for another 3 years at the same rate. What is the total interest earned from both investments over the 5-year period?Solution
Interest on the Initial Deposit of 1,200 for the First 2 Years Principal after 2 Years = 1200 + 120 = 1320 And 800 is added additionally Total principal for investing for next 3 years = 1320+800 = 2120 Interest on the 2120 for the Remaining 3 Years
total interest earned over the entire 5-year period = 120+318 = 438
Asmita and Bittu jointly started a business, investing Rs.2,400 and Rs.3,000, respectively. After 3 months, Chikku joined them with an investment of Rs....
A and B together start a business with investment of Rs. 2200 and Rs. (x + 500), respectively. If the profit earned after 5 years is Rs. 5000 and share ...
A, B and C enter into a partnership, A invest 3X + 1000, B invest X + 3000 and C invest X + 1500 for one year if B share is 20000 from total profit of 4...
- Ratio of monthly savings to monthly income of Prashant is 7:25. His four months savings is Rs. 26,600. Out of his monthly expenditure, he spends 20% on foo...
A and B started a business by investing Rs.450 and Rs.600 respectively. After 8 months, A increased his investment by Rs.850. Find the ratio of annual p...
- X and Y opened a joint venture by investing Rs. 1200 and Rs. ‘k’ respectively. Y left the business after 6 months. If X got Rs. 5400 from the total pro...
A invest twice the sum invested by B and withdraws half of sum after 5 months and again withdraws half of the remaining sum after 6 months. Find ratio o...
A and B started a business with the investments of Rs. (y-2000) and Rs. (y+4000) respectively. After 4 months of the start of the business, B left it an...
Three Partners Chintu, Pintu and Bittoo invested in the ratio of 2/3, 3/2, 3/4 in a business. After 4 months Chintu increased his capital by 25%. If...
Ashish started a business by investing Rs. 1400. Few months later; Ramesh joined him by investing Rs. 1600 such that at the end of the year, the profit ...