Question
Sohan invested Rs. P in Scheme X at 20% per annum under simple interest for 3 years and Rs. Q in Scheme Y at 12% per annum under compound interest for 2 years. If the interest obtained from Scheme X (using compound interest) and Scheme Y (using simple interest) is Rs. 8240 more than when calculated the other way around, find Sohan’s total investment, given that the investment in Scheme X is 40% more than that in Scheme Y.
More Simple and compound interest Questions
- A sum of Rs. 20000 was invested in a scheme. The rate of simple interest offered for three years was 10%, 6% and 4% per annum respectively. After three yea...
- Anchal allocates a portion of his salary for various purposes. He invests 10% of his salary in a Provident Fund (PF) and then spends 30% of what's left on ...
- Anjali puts Rs. 'a' in plan A and Rs. (a + 300) in plan B, both for 5 years. Plan A gives 9% and plan B offers 6% simple interest. The total interest she e...
- A certain sum at simple interest amounts to Rs 1040 in 3 Yr and to Rs 1360 in 7 yr. Then the sum is ?
- ‘M’ invested Rs. 3600 for (t + 6) months, while ‘N’ invested Rs. 900 more than ‘M’ for (t - 1) months, in a business. If profit received by ‘N’ out of tota...
- A sum is lent on compound interest for 2 years at 13% p.a. If the compound interest on the sum is Rs.3045.9, find the sum.
- Ramesh lent Rs. 40,000 to Suresh at compound interest of 15% p.a. (compounded annually) for 2 years. Suresh returned the money by calculating simple intere...
- A certain amount becomes four times itself when invested at r% per annum simple interest for 12 years. What is the value of r?
- Mr. Sharma invested Rs. 9600 in Scheme 'A', which offers compound interest at a rate of 'r'% per annum, compounded annually for 2 years. After 2 years, he ...
- The simple interest on a sum at 12% per annum for 2 years is 576. Find the principal.
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)