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
- 'X' deposited Rs.24000 at 20% per annum compound interest in SIP 'P' while Rs.18600 at 24% per annum simple interest in SIP 'Q'. What would be his total in...
- Rohit invested Rs. 18,000 at simple interest of 6% p.a. If he kept withdrawing Rs. 3,000 after every one year, then find the total interest earned by Rohit...
- An amount of 'P' was invested at simple interest at the rate of (R - 2)% per annum. It becomes Rs. 7,200 in 4 years and Rs. 10,800 in 8 years. What is the ...
- A man invested certain sum at 8.5% p.a. simple interest for his son who was 20 years old. If the amount received by the son when he was 26 years old is Rs....
- A Man deposited certain amount in the Bank at the end of each year. How much amount did he deposited at the end of each year at the rate of 15% simple Inte...
- A certain amount becomes double in 8 years at r% simple interest. Find the rate of interest.
- An individual invests ₹1,200 at a simple interest rate of 5% per annum. After 2 years, they add ₹800 to the investment, and the total amount remains invest...
- A person lent Rs. 40000 at 8% p.a. compound interest, compounded annually for two years. After two years, the total amount earned by the person is again le...
- A sum of Rs 12,000 becomes Rs 15,600 in 3 years at simple interest. Find the rate of interest per annum.
- Find the amount on Rs.7500 at 8% per annum for 3 years.
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)