Question
A sum of ₹12,000 is invested at an annual interest rate of 10% for 2 years. What is the difference between the compound interest and simple interest at the end of 2 years?
More Simple and compound interest Questions
- Mr. Arun invested Rs. x in Scheme 1 and Rs. x/4 in Scheme 2. The schemes offered simple interest at 7% p.a. and 12% p.a. respectively. If the interest earn...
- A man invested Rs. 30,000 at simple interest of 8% p.a. If he had instead invested the same sum on compound interest of 8% p.a., compounded annually, then ...
- Shivam invested 24000 at 15% p.a. simple interest for ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.26400. What is the value of...
- At what rate percent per annum will a sum of Rs 5,000 amount to Rs 6,000 in 4 years at simple interest?
- Calculate the principal amount 'x' for which the simple interest accrued over 5 years at an annual rate of 24% is equivalent to the compound interest earne...
- The simple interest on Rs. 800 at R% per annum for 5 years is Rs. 200. Find the simple interest on Rs. 1200 at (R + 2)% per annum for 3 years.
- Atul has Rs.400 with him. He invested 40% of the amount at 4% p.a. for 5 years and rest at 15% p.a. for 3 years. Find the sum of simple interests received ...
- An equal sum of money is invested in two schemes which offer interest at the same rate but one at simple interest and the other at compound interest (compo...
- The simple interest on a sum of Rs X in 5 years is (2/5)of the principal. What is the annual rate of interest?
- Karan invested Rs. (x + 500) in a scheme A offering simple interest of 16% p.a., and the interest received after 2 years is Rs. 640. He invested Rs. 2x in ...
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
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)