Question
A person earns Rs. 240 as compound interest on a sum for 2 years at 3% per annum, compounded yearly. What would be the simple interest on the same amount at the same rate and period?
More Simple and compound interest Questions
- ‘M’, ‘N’ and ‘O’, each of them invested Rs. 3500 at the rate of 12% p.a., 30% p.a. and 45% p.a., respectively for 7 years, 4 years and 5 years, respectivel...
- A man invested a certain amount of sum at 12.5% per annum simple interest and earned an interest of Rs.2100 after 3 years. If the same amount is invested a...
- "R" made certain investments with a 40% annual compound interest rate that is compounded quarterly. If, 9 months later, he receives Rs. 1,99,650, then the ...
- The difference between the compound interest compounded annually and simple interest of a sum at 6% p.a. for 2 years is Rs. 36. Find the sum.
- Aarti invested Rs. ‘x’ at the rate of 13% p.a. simple interest for 4 years, and Pranav invested 60% of x at 10% p.a. compounded annually for 2 years. Their...
- Aman invests his money in schemes A and B offering compound interest at 18% p.a. and 25% p.a. respectively. After two years, the compound interest received...
- At what rate percent per annum will Rs 8000 amount to Rs 10400 in 3 years at simple interest?
- An individual 'P' received Rs. 6,750 as interest by investing Rs. 15,000 at a simple interest rate of 18% per annum for 'x' months. If the same amount was ...
- A sum of money becomes three times itself in 12 years at simple interest. What is the rate of interest?
- The interest obtained by investing Rs. (3p + 100) at a simple interest rate of 10% p.a. for 5 years is Rs. (2p + 250). Find the ratio (p - 75) : (p + 125).
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)