Question
A sum of money grows to Rs 9,600 in 2 years when invested at a simple interest rate of 10% per annum. If the same sum of money is invested at the same interest rate but with compound interest instead of simple interest, how much more money would the individual receive after 2 years?
More Simple and compound interest Questions
- Rs. 5000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 25 less than the inter...
- The simple interest received on a certain sum is Rs. 480 less than the sum invested. If the sum was invested at 12% p.a. for 7 years, then find the simple ...
- A sum of money amounts to Rs 5400 in 3 years and to Rs 6000 in 5 years at simple interest. Find the principal and the rate of interest per annum.
- An amount was invested at a simple interest rate. After 6 years, it amounted to (126/108) times the amount it had reached in 4 years. What is the rate of i...
- A person lent a sum at simple interest for 6 years. If the rate had been 5% more, he would have earned Rs. 750 extra. What was the principal?
- Rs. ’P’ invested at a rate of 10% p.a. compound interest (compounded annually) amounts to Rs. 7744 at the end of 2 years. Find the simple interest earned a...
- If the ratio of the sum invested and simple interest received after 1 year is 25:11 respectively, then find the rate of interest.
- A vessel contains 120 liters of a mixture of milk and water, with 75% of it being milk. If 30 liters of this mixture is replaced by 30 liters of water, wha...
- If a sum when placed at compound interest grows to Rs.6,400 in 2 yrs and to Rs. 8,000 in 3 yrs, find the rate percent p.a.
- A person deposited a sum at simple interest. The amount after 5 years turned out to be (110/88) times of the amount he got in 3 years. Find the rate of int...
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
