Question
A certain sum was invested at simple interest. After 5 years, it became (117/ ninety) times the amount it had reached in 3 years. Find the annual rate of interest.
More Simple and compound interest Questions
- What sum of money must be given at simple interest for 8 months at 3% per annum in order to earn Rs. 260 interest?
- A sum of ₹12,000 earns ₹1,920 as simple interest in 4 years. What will be the compound interest on the same sum in 2 years at the same rate of interest per...
- The difference between compound interest and simple interest at rate of 26% per annum for 2 years is Rs. 507. Find the simple interest obtained on same amo...
- M invested Rs. 27,000 in two Mutual Funds, 'Axis Funds' and 'ICICI Funds,' for 5 years and 2 years, respectively. 'Axis Funds' provide simple interest at 2...
- Riya took a loan of Rs. 36,000 from a cooperative bank and decided to return it in two equal yearly instalments. If the interest rate is 30% per annum comp...
- A sum was put at simple interest at a certain rate for 7 years. Had it been put at 6 % higher rate, it would have fetched Rs. 1260 more. Find the sum?
- Mr. X invested Rs. 1200 in two schemes, A and B in the ratio of 7:3, respectively. Scheme A and B are offering simple interest at rate of 9% per annum and ...
- Anjali invested Rs.12000 in a scheme offering compound interest of x% p.a. compounded annually. If at the end of 2 years, interest received by her from the...
- If interest is compounded half-yearly, then find the compound interest on Rs. 8,000 at the rate of 20% per annum for 1 year.
- A sum was put at simple interest. The amount after 4 years became (96/80) times the amount it had become in 2 years. What is the annual rate of interest?
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