Question
A businessman invested Rs. 60,000 in two schemes. One
scheme offers 9% p.a., and the other offers 14% p.a. If the total interest earned from both schemes at the end of five years is Rs. 22,500, how much was invested in the scheme offering 9% p.a. interest?Solution
ATQ,
Let the amount invested in the scheme offering 9% interest be Rs. x.
Therefore, the amount invested in the scheme offering 14% interest = Rs. (60000 - x).
ATQ:
The simple interest received on a certain sum is Rs. 480 less than the sum invested. If the sum was invested at 12% p.a. for 7 years, then find the simp...
A sum of money grows to Rs 9,600 in 2 years when invested at a simple interest rate of 10% per annum. If the same sum of money is invested at the same i...
By investing Rs. 6,000 for 'a' years at an annual compound interest rate of 15%, the interest gained amounted to Rs. 1,935. Determine the simple interes...
The simple interest accrued in five years on a principal of Rs. 50,000 is one – tenth of the principal. What is the rate of simple interest...
A man invested Rs. 20,000 at simple interest of 'x%' p.a. and received Rs. 40,000 after 2 years. If he had invested Rs. 25,000 at simple interest of 'x%...
A and B started a business with initial investments of Rs. 28000 and Rs. 35000 respectively. After one year, a profit of Rs. 10000 is earned. A being a ...
A total amount is divided among A, B, and C in the ratio 7:6:5 respectively. The amount received by C is Rs. 330 less than the average of amounts receiv...
Ankit deposits a sum of money at an annual compound interest rate of 12%. Over a period of 3 years, the interest accumulated amounts to Rs. 864. If he i...
Virendra invested Rs. 2600 at 20% p.a. simple interest for 3 years. After 3 years, he invested the amount received by him at the 20% p.a. compound inter...
Simple interest earned on an amount of Rs. 2000 at rate of R% per annum after 4 years is Rs. 288. Find the simple interest earned on an amount of Rs. 15...
