Question
Aman invested a certain amount of money, splitting it into two equal parts. He placed one part in a simple interest scheme at an annual rate of 10% for 6 years and the other part at the same rate for 48 months. The difference in the interest earned from these two investments is Rs. 240. Determine the amount invested in each part.
More Simple and compound interest Questions
- At what % of simple interest per annum will Rs. 400 amount to Rs. 580 in five years?
- The simple interest received on a certain sum is Rs. 500 less than the sum invested. If the sum was invested at 12% p.a. for 8 years, then find the simple ...
- A certain sum when invested at simple interest of 15% p.a. amounts to Rs. 28,000 after 5 years. If Rs. 4,000 is added to the original sum and the new sum i...
- The simple interest on a sum of money is 8/25 of the sum. If the number of years is numerically half the rate per annum, then find the rate percent per ann...
- A certain sum of money invested at a rate of 36% p.a. amounts to Rs. 30417.5 at the end of 15 months if the rate of interest is compounded 5 monthly. Find ...
- A sum of Rs. 3700 is invested at simple interest for 2 years. If the rate interest for first year is 12% p.a. while 20% p.a. for second year, then find the...
- Rs. (n + 300) invested on simple interest amounts to Rs. 3,000 and Rs. 3,600 in 4 years and 6 years, respectively. Find the value of 'n'.
- A sum of money amounts to Rs. 5,320 in 4 years at simple interest at 8% per annum. What is the principal?
- 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 sum of ₹12,000 is invested at an annual interest rate of 10% for 2 years. What is the difference between the compound interest and simple interest at the...
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)
So, required amount = Rs. 1,200