Question
A man took a loan at a rate of 18% per annum simple interest. After 42 months, he paid Rs. 9,240 to clear his dues. Find the initial loan amount.
More Simple and compound interest Questions
- The simple interest earned on investing Rs. (80X + 2000) at simple interest of 15% p.a. for 36 months is Rs. 576 less than the total amount received on inv...
- The compound interest (compounded annually) on Rs 8200 for 2 years at R% p.a is Rs 1722. Had the rate of interest been (R+10)% p.a what would have been the...
- A certain sum of money invested at a rate of 24% p.a. amounts to Rs. 19965 at the end of 15 months if the rate of interest is compounded 5 monthly. Find th...
- Mr. P invested Rs. ‘8x’ in scheme ‘A’ offering simple interest of 25% p.a. and reinvested the interest earned from scheme ‘A’ at the end of 4 years in sche...
- Dev borrowed Rs. 6400 at R% S.I. and Rs. 5600 at (R + 5)% S.I. for 3 years. If the total interest came to Rs. 4800, find the rate applicable on Rs. 5600.
- Simple interest earned on an amount of Rs. 2600 at rate of R% per annum after 4 years is Rs. 1300. Find the simple interest earned on an amount of Rs. 1200...
- A person invested Rs. 7500 at a simple interest rate of 12% per annum, and also invested Rs. 8000 at a compound interest rate of 15% per annum, compounded ...
- A certain sum of money becomes 5 times of itself in 20 years at simple interest. In how many years does it become double of itself at the same rate of simp...
- A certain sum at CI amounts to Rs 2400 in 3 yr and to Rs 3600 in 6 yr. Then the sum is ?
- A man invested certain sum at simple interest of r% p.a. such that it amounts to 160% of itself in 6 years. Find the interest earned when Rs. 2400 is inves...
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
