Question
A sum of money grows to Rs. 1560 when invested at a simple interest rate of 15% per annum for 2 years. What will be the total amount received if the same sum is invested at a compound interest rate of 20% per annum, compounded annually, for the same 2-year period?
More Simple and compound interest Questions
- Suresh earned an interest of Rs. 774 on principal amount of Rs. 2400 at some rate of compound interest in 2 years. How much more/less interest would he hav...
- The compound interest on a certain amount for 2 years at 4% per annum is ₹ 1,428 if interest is compounded annually. Find the simple interest on that amoun...
- 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?
- A certain sum of money becomes Rs. 1300 in 1 year and 2700 in 3 years at certain rate of simple interest. Find the sum of money invested.
- Find the total amount received on investing Rs. 12,000 for 2 years at compound interest of 10% p.a., compounded annually.
- Rs. 95Y invested for 2 years at simple interest of 16% p.a., yields an interest of Rs. 3040. If Rs. 115Y is invested for 2 years at compound interest (comp...
- Some amount out of Rs. 15000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 4 years the total interest from both the amount ...
- A person invest some amount in a business into 2 parts. If he invest 1st part at 8% for 3 years and 2nd part invest at 7(1/2)% p.a. for 4 years. Total Simp...
- A sum doubles in seven years at simple interest. In how many years will the sum become five times the original sum?
- Deepali invests Rs. 8,300 at a simple interest rate of 4% per annum for 6 years. The total amount she receives is Rs. '2k'. What is the product of the digi...
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
