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?
More Simple and compound interest Questions
- 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 incr...
- If ₹15,600 is invested at a simple interest rate of (a + 12)% per annum and doubles in value over 5 years, determine the value of 'a'.
- What will be the ratio of simple interest earned on certain amount at the same rate of interest for 8 years and that for 10 years?
- An amount of Rs. x is invested in simple interest at 5% per annum for 4 years. If another amount of Rs. (x + 250) is also invested at the same rate for the...
- The interest earned by Veer at SI is 24% of the sum invested. If he had invested for 4 years more, then interest received is 150% more than that of earlier...
- What is the principal amount? Statement I: The Simple Interest after 2 years on a certain sum at 10% p.a is Rs. 1200. Statement II: The sum becomes doub...
- Some amount out of Rs. 15000 was lent out at 10% per annum and the rest amount @ 16% per annum and thus in 4 years the total interest from both the amount ...
- Rs. 5,000 is invested in scheme ‘A’ offering simple interest of 16% p.a. and Rs. 6,600 in scheme ‘B’ offering simple interest of 9% p.a. What is the differ...
- R' invested an amount of Rs. 'r' for a duration of 4 years, while 'S' invested Rs. 6000 for 18 months. The ratio of their respective profits is 16:9. Deter...
- The compound interest on a certain amount for 2 years at 4% per annum is ₹ 1,020, if interest is compounded annually. Find the simple interest on that amou...
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)
