Question
A man deposited Rs.2000 at a simple interest rate of 25% per annum for 4 years. He then reinvested the amount he received into a compound interest scheme for 2 years at 15% per annum. Calculate the compound interest earned in the second investment.
More Simple and compound interest Questions
- A certain sum of money invested at R% p.a. fetches a compound interest (compounded annually) of 1630.5 and simple interest of Rs.1500 at the end of 2 years...
- Rs. 3,300 is put into a savings scheme at a simple interest rate of 36% per annum for 3 years. The maturity amount is then invested in a business venture t...
- A person invested some amount at the rate of 12% simple interest and a certain amount at the rate of 10% simple interest. He received yearly interest of Rs...
- A sum of money grows to Rs. 4,900 in 4 years and Rs. 5,600 in 6 years under simple interest. What is the original principal amount?
- An amount placed on simple interest at 7.5% per annum for 3 years becomes Rs. 8,025. What was the principal?
- Gaurav invested Rs. 9000 in a compound interest scheme for 2 years at an annual rate of q%. If he received Rs. 1980 as compound interest, find the rate of ...
- Shivam invested 24000 at 10% p.a. simple interest for ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.294...
- A woman invests Rs. 2000 at the start of each year at 5% compound interest per annum. How much will her investments be at the end of the 2nd year?
- The difference between compound interest and simple interest on a certain sum for 2 years at the same rate of interest is Rs. 144. Also, the simple interes...
- A sum of money, invested for 8 years on 5% per annum simple interest, amounted to ₹287 on maturity. What was the sun invested in?
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