Question
A man buys a car for ₹800,000. He sells it after 3
years at a loss of 15%. If he invests the selling amount in a fixed deposit at an interest rate (simple interest) of 5% per annum, how much interest will he earn in 2 years?Solution
Selling price = 800,000 - (15% of 800,000) = 800,000 - 120,000 = ₹680,000. Interest earned in 2 years = Principal * Rate * Time/100 = 680,000 * 0.05 * 2 = ₹68,000. Correct answer: A) ₹68,000
Raju invests a certain amount at an annual simple interest rate of 6% for 2 years. The total amount he receives after this period is then reinvested at ...
Rs. (n + 500) invested on simple interest amounts to Rs. 4,500 and Rs. 5,100 in 5 years and 6 years, respectively. Find the value of 'n'.
What will be the net CI on Rs. 8000 for 4 years at 20% p.a compounded annually?
A invests a sum at 8% simple interest. After 5 years the amount becomes 1.4 times the principal. Find the rate of interest used.
Suman paid ₹9,600 in interest on a loan she obtained 5 years ago with a simple interest rate of 16%. What was the amount of the loan she had taken?
- P deposits ₹(A - 10,000) in a bank at an interest rate of 10% per annum, compounded half-yearly, for 1 year. Meanwhile, Q invests ₹(A + 15,000) in the ...
A man deposited Rs. 9000 at 10% compound interest, compounded annually while Rs. 8500 at 13% simple interest per annum. What will be the difference betw...
Abhishek allocates Rs.1600 each into two different investment schemes, A and B. Scheme A provides simple interest annually at a rate of (R-2)%, while sc...
The amount of a certain sum in 3 years at simple interest at x % p.a. is ₹5,472 and the amount of the same sum in 7(1/2) years at the same rate, at si...
A man deposited Rs. 8500 in a bank offering compound interest of 20% p.a. compounded annually for first 2.5 years and after that simple interest of 25% ...
Relevant for Exams:
