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?
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 More Simple and compound interest Questions
- A sum of money lent at compound interest at the rate of 20% per annum is paid back in three equal annual installments of Rs.864. Find the sum of money?
- The difference between the interest received on a certain sum at the rate of 24% p.a. and 20% p.a. respectively at simple interest for two years is Rs. 400...
- A man wants to invest Rs. 60660 in bank accounts of his two sons whose ages are 12 years and 16 years in such a way that they will get equal amount at an a...
- Mr. X invested Rs. 1200 in two schemes, A and B in the ratio of 7:3, respectively. Scheme A and B are offering simple interest at rate of 9% per annum and ...
- A certain sum when invested at compound interest of 6% p.a. amounts to Rs. 5618.40 in 2 years. Find the amount received when the same sum is invested at 18...
- An amount of Rs. 7200 is invested at 30% p.a. simple interest for 5 years. The interest gained is then deposited at 10% p.a. compound interest for 2 years....
- A person invest some amount in a business into 2 parts. If he invest 1st part at 8% for 3 years and 2nd part invest at 7(1/2)% p.a. for 4 years. Total Simp...
- Raman deposited Rs. 16000 at a compound interest rate of 20% per annum, while he deposited Rs. 12000 at a simple interest rate of 30% per annum. After two ...
- A certain sum becomes triple in 8 years at simple interest. Find the rate of interest.
- Soham invested Rs. 32,000 partly in schemes ‘I’ and ‘J’ for 4 years and 6 years, respectively. Scheme ‘I’ offers simple interest at 18% per annum, while sc...
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)