Question
A sum of money amounts to ₹8700 in 2 years at a simple interest rate of 8% per annum. If the same sum is invested at compound interest with the same rate and for the same time period, what will be the total amount after 2 years?
More Simple and compound interest Questions
- A certain amount becomes Rs. 7,680 in 6 years and Rs. 9,120 in 9 years on simple interest. Determine the rate of interest per year.
- Gaurav borrowed Rs. 40000 from a bank at the simple interest of 10% p.a for 2 years. He lent some of this borrowed amount to his friend Shubham at the comp...
- A invested Rs. ‘x’ in a scheme offering compound interest of 35% p.a. compounded annually. If at the end of 2 years, interest received by A was Rs. (x – 17...
- Vikram had Rs. 9500 with him. He invested 35% of the sum at 11% p.a. and the rest at 16% p.a., both at simple interest for 4 years each. Find the total int...
- An equal sum of money is invested in two schemes which offer interest at the same rate but one at simple interest and the other at compound interest (compo...
- Find the rate of simple interest at which Rs. 6000 should be invested for 2 years so that the interest earned will be same as the interest received when th...
- A certain amount is split equally between two investment plans. One offers simple interest and the other compound interest, both at the same annual rate co...
- Rahul borrowed Rs. 30,000 from his friend at compound interest of 10% p.a., compounding annually. He added Rs. 'P' to this money and lent the total sum to ...
- An amount of 'P' was invested at simple interest at the rate of (R - 2)% per annum. It becomes Rs. 7,200 in 4 years and Rs. 10,800 in 8 years. What is the ...
- Ankush puts Rs. 8,000 into two separate Systematic Investment Plans (SIPs) at a compound interest rate of 20% per annum. In SIP 'X', the investment is for ...
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)