Question
An amount of Rs. 3,000 is invested for 2 years at a compound interest rate of 10% per annum. The interest gained is used to buy an item. If the item is then sold at a gain of 20%, determine its selling price.
More Simple and compound interest Questions
- The difference between compound interest (compounded annually) and simple interest on a certain sum 'P' at 15% per annum for 2 years is Rs. 450. Find the s...
- Rajan invested Rs. 18,000 in a scheme offering x% p.a. simple interest for x years. Interest earned by him after ‘x’ years is Rs. 11520. Find the interest ...
- A sum of ₹6,450 is invested for 3.5 years at a certain annual rate of simple interest, yielding a total interest of ₹2,709. If ₹3,500 is then invested for ...
- Abhishek invested Rs. 7996.89 in a business for 3.98 months and then left the business. Bhuvan invested Rs. 1998.68 more than Abhishek for (2/3) rd of a ye...
- 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...
- Anjali invested Rs. 3200 at (R + 6)% p.a. simple interest and earned an interest of Rs. 2304 in 3 years. What would be the interest if the same amount is i...
- Anuj invested Rs. ‘x’ at simple interest of 15% p.a. and Anil invested Rs. (x + 500) at simple interest of 10% p.a. If at the end of 2 nd year, sum of int...
- Raman paid Rs.9,600 in interest on a loan she obtained 5 years ago with a simple interest rate of 16%. What was the amount of the loan she had taken?
- Rs. 3,000 becomes Rs. 4,200 in 10 years at simple interest of r% p.a. If Rs. 6,000 is invested at 0.5r% p.a. for 6 years, what will be the interest amount?
- ₹2,500, when invested for 8 years at a given rate of simple interest per year, amounted to ₹3,725 on maturity. What was the rate of simple interest that wa...
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)