Question
A certain sum of money invested at 20% per annum for 2 years compounded annually, but if interest would have been compounded half yearly on the same amount, then Rs. 241 more interest would have been received. Find the sum of money invested.
More Simple and compound interest Questions
- In what time will Rs. 9000 amount to Rs. 11979 @ 10% compound interest?
- If Rs. 15000 is invested at 14% per annum, compounded yearly, calculate the interest earned in one year.
- Compound interest on a certain sum of money for 2 years is Rs.2280 while the simple interest on the same sum for the same time period is Rs.2000. Find the ...
- A took loan from a bank at the rate of 12%p.a. simple interest. After 5 years he had to pay Rs.7200 interest only for the period. The principal amount borr...
- The difference between the compound interest, compounded annually and simple interest on Rs. ‘P’ at the rate of 25% p.a. for 2 years, is Rs. 150. If Rs. (P...
- A sum is invested at 12% p.a at simple interest for 5 years. The obtained amount is invested for 2 years at 20% compounded annually. The interest obtained ...
- The difference between the simple interest for two years and the compound interest for one year on a sum of money is Rs.273. In which compound interest is ...
- A man invested Rs. 30,000 at simple interest of 'x%' p.a. and received Rs. 45,000 after 2 years. If he had invested Rs. 30,000 at simple interest of 'x%' p...
- Aman invested Rs. x at a simple interest rate of 15% per annum. If after 6 years, the total interest earned was Rs. ‘2x – 1800’, then find the value of x.
- A Man deposited certain amount in the Bank at the end of each year. How much amount did he deposited at the end of each year at the rate of 15% simple Inte...
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