Question
A person invests ₹40,000 at a simple interest rate of 5% per annum for 2 years and reinvests the total amount, including interest, in a scheme offering compound interest of 10% per annum compounded yearly for 2 years. Find the total amount after 4 years.
More Simple and compound interest Questions
- How long will a sum of money take to double, if it is invested in 9% p.a. simple interest?(approx).
- A sum of money lent at 5% rate of simple interest. The difference between interest for 6 years and 4 years is Rs. 2000. Find the principal amount.
- Rs. 7000 is invested in scheme ‘A’ for 2 years and Rs. 5000 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 15% p.a. If the int...
- Rs. 13000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 10 less than the inte...
- A took loan from a bank at the rate of 17%p.a. simple interest. After 5 years he had to pay Rs.6800 interest only for the period. The principal amount borr...
- Rs. 3,000 becomes Rs. 4,200 in 10 years at simple interest of r% p.a. If Rs. 6,000 is invested at 0.5r% p.a. for 6 years, what will be the interest amount?
- A certain sum is invested for three years at rate of interest being 25% and it is invested in both simple interest and compound interest (compounded annual...
- A certain sum when invested for 3 years in a scheme offering simple interest of 12% p.a. gives an interest of Rs. 990. What is 120% of the sum invested?
- Waqar borrowed Rs. ____ on compound interest at 15% p.a. compounded annually. After __ years, the rate of interest changed to 20%. At the end of 4 years, h...
- A certain sum of money becomes 6 times of itself in 25 years at simple interest. In how many years does it become double of itself at the same rate of simp...
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
