Question
A person invested Rs. 30,000 in two schemes. One scheme gives a simple interest of 7% p.a., while the other scheme gives 11% p.a. If the total interest earned from both schemes at the end of 4 years is Rs. 9,600, how much did he invest in the scheme offering 7% interest?
More Simple and compound interest Questions
- The simple interest on a certain sum of money at the rate of 7.5% p.a. for 8 years is ₹4,080. At what rate of interest can the same amount of interest be r...
- Rs. ’P’ invested at a rate of 8% p.a. compound interest (compounded annually) amounts to Rs. 7231.68 at the end of 2 years. Find the simple interest earned...
- Raju invests a certain amount at an annual simple interest rate of 6% for 2 years. The total amount he receives after this period is then reinvested at an ...
- If the simple interest for 5 years is equal to 20% of the principal, then the interest will be equal to the principal after ________ years.
- The simple interest on a sum of Rs. (6x + 100) for 4 years at 10% per annum is Rs. 1,200. Find the value of x.
- A certain sum amounts to Rs. 1800 in 3 years and to Rs. 2592 in 5 years, when invested at R% p.a. compound interest, compounded annually. Find the amount r...
- A man invested amount X in scheme A at 8 % per annum simple interest for 2 years which gives him the interest of Rs 1840. Find the compound interest if he ...
- A man takes a loan of Rs. 50,000 from a bank at a simple interest rate of 10% per annum. He immediately lends the same amount to a friend at a compound int...
- A sum of ₹10,000 is invested at 6% compound interest per annum for 2 years, compounded annually. What will be the total amount after 2 years?
- A sum of money becomes 3 times of itself in 4 years when invested on simple interest. In how many years will it become 9 times of itself if the rate of int...
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
