Question
Rohit deposited Rs. ‘x’ in a bank at 8% compound interest per annum for 3 years, compounded annually. If he earned an interest of Rs. 2,597.12, find the value of ‘x’.
More Simple and compound interest Questions
- A sum of Rs. 3500 is invested at simple interest for 2 years. If the rate interest for first year is 10% p.a. while 18% p.a. for second year, then find the...
- Mr. P invested Rs. ‘4x’ in scheme ‘A’ offering simple interest of 25% p.a. and reinvested the interest earned from scheme ‘A’ at the end of 4 years in sche...
- Ramesh deposited Rs. 10,500 at 18% per annum for 2 years and Rs. 7,200 at 22% per annum for 4 years. Calculate the total simple interest he received.
- Nisha deposited Rs. ‘P’ in a bank offering compound interest of 11% p.a. compounded annually. After 2 years, she invested the amount received from the bank...
- How long will a sum of money take to double, if it is invested in 9% p.a. simple interest?(approx).
- Suppose 'S' invested Rs. 40,000 each at 12% p.a. in two different Funds for 2 years, with one Fund offering compound interest (compounded annually) and the...
- How much time will it take for an amount of Rs.2000 to yield Rs. 640 as interest at 8% p.a. of SI?
- Rohit invested Rs. ‘x’ and Rs. ‘y’ in Scheme A and Scheme B respectively. He invested in Scheme A for 5 years at a simple interest rate of 6% p.a., while i...
- The extra interest earned from compound interest over simple interest on a sum of money after 2 years (with interest compounded semi-annually) is Rs. 972. ...
- Ankita invested Rs. 1800 at an annual interest rate of (a + 5)%, and she earned a total interest of Rs. 1404 after three years. Now, if she decides to inve...
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
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)