Question
An amount of Rs. 'x' is invested at a simple interest rate of 15% per annum and grows to Rs. 14,500 after 3 years. If the same amount Rs. 'x' is instead invested at a compound interest rate of 20% per annum, compounded semi-annually, it becomes Rs. 13,310 after an unknown period. Determine the time required for this compound interest investment.
More Simple and compound interest Questions
- Rs. 7,000 is invested in scheme ‘A’ offering simple interest of 12% p.a. and Rs. 8,000 in scheme ‘B’ offering simple interest of 6% p.a. What is the differ...
- Riya deposited Rs. x in a savings account that gives 10% p.a. simple interest. If she received Rs. ‘1.5x – 1200’ as interest after 8 years, find x.
- A laptop charger is sold for Rs.2,540 in cash or for a down payment of Rs.1,340 in cash together with Rs.1,205 to be paid after one month. Find the rate of...
- The difference between compound interest and simple interest at rate of 12% per annum for 2 years is Rs. 144. Find the simple interest obtained on same amo...
- After how many years, Rs. 4400 will become 5324 at the rate of 10% p.a., compounded annually?
- Rs. 6250 is placed in plan X earning 28% simple interest per annum for 3 years. Half of the maturity amount from plan X is then reinvested in plan Y at 20%...
- A sum is lent on compound interest for 2 years at 13% p.a. If the compound interest on the sum is Rs.4153.5, find the sum.
- The simple interest accrued in five years on a principal of Rs. 50,000 is one – tenth of the principal. What is the rate of simple interest p.a.?
- A sum is lent on compound interest for 2 years at 14% p.a. If the compound interest on the sum is Rs.5392.8, 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...
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)