Question
An amount of Rs. x is invested in SIP ‘A’ under compound interest at a rate of 16% per annum, compounded annually, for 2 years. Another amount, Rs. (2x−5000), is invested in SIP ‘B’ under simple interest at a rate of 48% per annum for 5 years. The total interest earned from both SIP ‘A’ and SIP ‘B’ is Rs. 65,184. Determine the total amount invested in both SIP ‘A’ and SIP ‘B’.
More Simple and compound interest Questions
- Rohan had Rs. 5000 with him. He invested 40% of the sum at 10% p.a. and the rest at 15% p.a., both at simple interest for 3 years each. Find the total inte...
- What sum of money must be given at simple interest for 3 months at 5% per annum in order to earn Rs. 220 interest?
- Aman invested Rs. x at a simple interest rate of 15% per annum. If after 6 years, the total interest earned was Rs. ‘2x – 1800’, then find the value of x.
- A sum when invested at simple interest of 10% p.a. becomes Rs. 1,680 in 4 years. If the same sum was invested at compound interest of 20% p.a. for 2 years,...
- Shivam invested 24000 at 8% p.a. simple interest for ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.27200. What is the value of ...
- A person 'P' invests ₹24,000 at a simple interest rate of 15% per annum for 2 years, while Jay invests the same amount, ₹24,000, at a compound interest rat...
- A man invested a certain amount of sum at 15% per annum simple interest and earned an interest of Rs.2100 after 2 years. If the same amount is invested at ...
- A certain sum of money will be doubled in 2 years at the rate of simple interest percent per annum is:
- Calculate the principal amount 'x' for which the simple interest accrued over 5 years at an annual rate of 24% is equivalent to the compound interest earne...
- The difference between compound interest and simple interest on a sum of Rs 8,000 for 2 years at the same rate is Rs 20. Find the rate of interest per annu...
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