Question
If ₹15,600 is invested at a simple interest rate of (a + 12)% per annum and doubles in value over 5 years, determine the value of 'a'.
More Simple and compound interest Questions
- In what time will Rs. 45000, at 4% per annum, produce the same interest at Rs.18000 does in 5 years at 8% simple interest?
- 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 doubles in seven years at simple interest. In how many years will the sum become five times the original sum?
- A borrowed Rs. 7000 from B for his business. How much amount A will return to B at the end of 30 months such that the sum was borrowed at simple interest o...
- A sum of money, invested for 8 years on 5% per annum simple interest, amounted to ₹287 on maturity. What was the sun invested in?
- Anil initiated his financial journey by investing Rs. 7500 in a Contra fund, which offered a simple interest rate of 18% per annum for a duration of 2 year...
- A certain sum placed at simple interest grows to Rs. 9,450 in 2 years and Rs. 13,050 in 6 years. Find the invested amount.
- Mr. Mathur invested Rs. 40,000 with Bank A for 2 years and Rs. 10,000 with Bank B for 4 years at simple interest and earned Rs. 6,000 as interest. Find the...
- The interest earned on investing Rs. 7000 for 2 years at the rate of 10% p.a., compounded annually, is used to purchase an article. If the article is later...
- Shankar borrowed Rs. 7,200 at simple interest and repaid an amount of Rs. 9,504 after 7 years. If the interest rate p.a charged for first 4 years was 5% p....
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
