Question
Arun deposited Rs 18000 in PNB for 3 years and got a total amount of Rs 23400 whereas Varun deposited Rs 25000 in SBI and got a total interest of Rs 4000 after 2 years. What is the difference between the rate of interest offered by both the banks in the given time period if the amounts are calculated on simple interest basis?
More Simple and compound interest Questions
- A certain amount of money, when invested at a simple interest rate of 'r%' per annum, grows to 6 times its original value in 24 years. Determine the value ...
- A sum of money amounts to Rs. 5600 in 5 years at 8% simple interest per annum. Find the principal and the interest earned.
- The simple interest on a sum of Rs 25,000 at a certain rate per annum for 4 years is Rs 10,000. What is the rate of interest per annum?
- Find the simple interest on Rs 6000 at 8% per annum for 3 years.
- A sum of money is invested at a simple interest rate of 'R%' per annum. Over 2 years, it grows to ₹7,440, and over 5 years, it increases to ₹9,600. Determi...
- A sum is invested at a certain rate (p.a.) of compound interest (compounded annually). The interest earned after 1st year and after 2 years of investment i...
- A sum becomes five times itself in 16 years at simple interest. Find the value of r.
- B invested Rs. 8000 in a compound interest scheme for 2 years at an annual interest rate of x%. If he received Rs. 3520 as interest, find the rate of inter...
- Anil borrowed Rs. 7,200 at simple interest of 15% p.a. and Rs. 8,400 at simple interest of 12% p.a. The total interest he paid after ‘y’ years is Rs. 8,352...
- When 19.62% of Pawan's monthly salary, which is the total of 15721.33 and 19678.9, is equally distributed among four different SIPs, what is the approximat...
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)