Question
A person 'P' invested Rs. 'a' in a simple interest (S
- I SIP 'X' for 3 years at an annual interest rate of 10%. They also invested Rs. (a + 100) in a compound interest (C
- I SIP 'Y', with a quarterly compounding rate of 40% per annum, for a period of 1 year. The interest earned from SIP 'X' is Rs. 358.2 less than the interest earned from SIP 'Y'. Determine the value of 'a'.
More Simple and compound interest Questions
- Rs. 25200 is invested in 3 parts in such a way that Simple Interest on 1st Part at 4% per annum for 3 years, Simple Interest on 2nd part at 6% per annum fo...
- Viraj invested Rs. 3500 at 20% p.a. simple interest for 3 years. After 3 years, he invested the amount received by him at the 20% p.a. compound interest, c...
- Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 1700 and Rs. 1...
- Rs. x is invested at simple interest at the rate of 10% per annum for 3 years. If Rs. (x + 300) is invested at the same rate of interest for the same perio...
- How much time will it take for an amount of Rs.2000 to yield Rs. 640 as interest at 8% p.a. of SI?
- 'S' undertook an investment endeavor by allocating a capital denoted as 'a + 1000' into a scheme yielding a straightforward interest rate of 20% per annum ...
- A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs.2800 after 4 years. If the same amount is invested a...
- A man invests a total of Rs 10,000 in two schemes: I) Scheme A: Simple interest at 10% p.a. for 2 years. II) Scheme B: Compound interest at 20% p.a., com...
- Ramesh invested Rs. 7,500 in scheme ‘X’ offering simple interest of 12% p.a. 3 years later, he reinvested the entire interest earned from scheme ‘X’ in ano...
- Rs. 6,500 becomes Rs. 8,190 in 3 years at simple interest. Determine the rate of interest per annum.
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