Question
A man loans out Rs. 22,100 at a simple interest rate of 20% per annum. After 2 years, he reinvests the total amount received at an annual compound interest rate of 15%. What will be the compound interest earned on this reinvested amount after 2 years?
More Simple and compound interest Questions
- How much time will it take for an amount of Rs.2000 to yield Rs. 640 as interest at 8% p.a. of SI?
- In how much time will a sum of Rs. 5250 amounts to Rs. 9870 at the rate of 11 percent per annum at simple interest?
- A man borrowed Rs 300 and promised to pay back in 11 equal instalments of Rs 30 each. Find the rate of simple interest per annum?
- The difference between compound interest and simple interest on a sum for 2 years at 10% per annum, when the interest is compounded annually is Rs. 25. If ...
- 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 sum of money triples itself in 12 years. Find the rate percent per annum.
- A man invested Rs. 35,000 in two schemes. One scheme offers simple interest of 6% p.a., while the other scheme offers simple interest of 10% p.a. If the to...
- Anjali invests Rs. 28,000 in scheme 'C' and Rs. 22,000 in scheme 'D'. Scheme 'C' gives 14% interest per annum for 2 years and scheme 'D' gives 11% per annu...
- An amount of 'P' was invested at simple interest at the rate of (R - 2)% per annum. It becomes Rs. 7,200 in 4 years and Rs. 10,800 in 8 years. What is the ...
- A sum of ₹12,000 is invested at a rate of 5% per annum for 3 years. What will be the total amount at the end of the investment period, including interest?
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
