Question
Ramesh invested Rs. 7,500 in scheme ‘X’ offering simple interest of 12% p.a. 3 years later, he reinvested the entire interest earned from scheme ‘X’ in another scheme ‘Y’ offering compound interest of 8% p.a. compounded annually. Find the total amount received from scheme ‘Y’ after 2 years.
More Simple and compound interest Questions
- Simple interest on a sum of Rs. 7500 at 8% per annum for x years is Rs. 2400. Find the value of x.
- Simple interest received at the rate of 15% p.a. for 2 years on a principal amount of Rs. 9000 is twice of the simple interest received at 10% p.a. for 6 y...
- Arun deposited Rs 18000 in PNB for 3 years and got a total amount of Rs 23400 whereas Varun deposited Rs 25000 in SBI and got a total interest of Rs 4000 a...
- Sita invests a certain amount at an annual simple interest rate of 10% for 3 years. The total amount she receives after this period is then reinvested at a...
- F placed Rs. 10,000 in a compound interest scheme for 2 years at an annual rate of p%. If he received Rs. 3456 as compound interest, calculate the rate of ...
- An initial investment of Rs. 10,000 is made at an annual compound interest rate of 10% for 4 years. After 2 years, an additional Rs. 5,000 is invested. Det...
- A invests Rs 6000 in a business for the whole year. B joins him later with an investment of Rs 8000. At the end of the year, the profit is divided between ...
- Simple interest on a sum at 8% p.a. for 3 years is ₹1920. Find the principal and amount.
- Priya put Rs. 6,800 in a scheme offering simple interest at 8% p.a. for 4 years. What will be the total amount she gets?
- What will be the difference between the SI and CI @ 10%p.a on a sum of Rs. 9000 for 4 years?
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)