Question
A person 'X' borrowed Rs. 4,000 from a bank on simple interest, which is to be repaid in three equal annual installments. The rate of interest charged by the bank is 25% per annum. Determine the approximate amount of each installment.
More Simple and compound interest Questions
- Rohan deposited Rs. 15,000 in scheme ‘A’ which offers simple interest of 12% p.a., for 4 years and Rs. 10,000 in scheme ‘B’ which offers simple interest of...
- Simple interest received at the rate of 9% p.a. for 5 years on a principal amount of Rs. 4000 is twice of the simple interest received at 10% p.a. for 6 ye...
- The simple interest earned on a certain sum at 12% per annum for 6 years is equal to 2/5 of the compound interest earned on ₹10,000 at 15% per annum, compo...
- 'P' invested Rs. 2,00,000 at compound interest of ___% p.a., compounded once every 4 months. If he kept the amount invested for 12 months, then interest ea...
- A sum of money was lent at simple interest for 5 years. If the rate had been 6% more, the interest would have been Rs. 900 higher. What was the amount lent...
- What is the principal amount? Statement I: The Simple Interest after 2 years on a certain sum at 10% p.a is Rs. 1200. Statement II: The sum becomes doub...
- Amit invested Rs. 12,500 at a simple interest rate of 5.2% per annum for 6 years. Calculate the total amount he will receive.
- A sum of money amounts to Rs 2420 in 2 years and Rs 2662 in 3 years at compound interest. Find the rate of interest per annum and the principal.
- A bank pays simple interest at 4% per annum on the first Rs.5500 and an interest of 6% for amounts above that. Find the interest earned by Sameera if she d...
- The compound interest on a certain sum for 2 years at 15% p.a. is Rs. 3225. Find the simple interest on the same sum for the same period and at the same ra...
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)