Question
Priya invested Rs. 5,500 in scheme ‘C’ offering simple
interest of 12% p.a. After 5 years, she reinvested the interest earned in scheme ‘D’ offering compound interest of 9% p.a compounded annually. Find the total amount Priya received from scheme ‘D’ after 3 years.Solution
ATQ,
Interest received from scheme ‘C’ = (5500 × 12 × 5) ÷ 100 = Rs. 3,300
Total amount received from scheme ‘D’ = 3300 × {1 + (9/100)}³ = 3300 × (109/100)³
= 3300 × 1.295 = Rs. 4,273.50
More Simple and compound interest Questions
What will come in the place of question mark (?) in the given expression?
(87 + 79) X √9 - 298 = ? + √3600
What will come in the place of question mark (?) in the given expression?
? = 60% of 48% of (20 × 350) + 180
? = 60% of 2500 + 85% of 2000 – 5³
14% of 700 + 15% of 900 + 10% of 160 = ?
30% of 8/5 × 5/7 × 2870 =?
(3500 ÷ √1225) × √(20.25) = ? ÷ 4
36 × 15 + 20% 1250 = ? + 296
Simplify the following expression:
(525 +175) ² - (525 – 175) ² / (525 × 175)
