Question
Rs. 5,000 is invested for 3 years in scheme ‘X’
offering simple interest at 8% per annum. The interest earned is equal to the interest obtained when a certain sum is invested for 4 years in scheme ‘Y’ offering 6% simple interest per annum. What is the sum invested in scheme ‘Y’?Solution
ATQ,
Interest received from scheme ‘X’ = Rs. 5000 × 3 × 8 ÷ 100 = Rs. 1200
Let the amount invested in scheme ‘Y’ = Rs. ‘A’
Then, interest received from scheme ‘Y’ = A × 4 × 6 ÷ 100 = Rs.
(24A/100)
So, 1200 = (24A/100)
Or, A = (1200 × 100) ÷ 24 = 5000
So, amount invested in scheme ‘Y’ = Rs. 5,000
More Simple and compound interest Questions
Simplify: 48 ÷ 4 × 2 + 5 × (7 − 3)
560 ÷ 14 × 3 – 25 = ?
- What will come in place of (?) in the given expression.
(0.2 × 0.5) + (0.3 × 0.4) = ? √? × 4 - 374 + 127 + 300 = 117
If (7a + b) : (7a - b) = 7:3, then find the value of a:b?
- Find the simplified form of the following expression:
128 - 85 of 2 + 26 X 4 641.5 + 72 × 8 = ? × 4
What will come in the place of question mark (?) in the given expression?
48 × 1...
55% of ? = 45 + 20 × 6
What will come in place of the question mark (?) in the following expression?
46 – 5² + 8² + 3² = ? × 4
