Question
An amount becomes Rs. 9,360 in 3 years when invested at simple interest at the rate of r% per annum. If the interest rate had been (r + 4)% per annum, the same amount would have increased to Rs. 10,200 in the same period. What is the initial sum invested?
More Simple and compound interest Questions
- What will be the ratio of simple interest earned on certain amount at the same rate of interest for 6 years and that for 14 years?
- A man invested Rs.Y in a scheme S at 14% rate of simple interest for 7 years. After 7 years, he reinvested the amount received from the scheme S at same ti...
- 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...
- A sum is invested at a certain rate (p.a.) of compound interest (compounded annually). The interest earned after 1st year and after 2 years of investment i...
- Akshay invested Rs. 2240 in two schemes P and Q in the respective ratio of 9:7. Scheme P and Q are offering simple interest at the rate of 10% per annum an...
- Rs. (n + 400) invested on simple interest amounts to Rs. 3,200 and Rs. 3,800 in 4 years and 6 years, respectively. Find the value of 'n'.
- Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 1300 and Rs. 1...
- An amount becomes five times of itself in 40 years at simple interest. Find the value of (3R + 10), where R is the rate of interest per annum.
- The interest received by investing Rs. 4500 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple intere...
- A sum of ₹8,500 amounts to ₹11,900 in 5 years at simple interest per annum. If the rate of interest is increased by 3%, then the increased amount for the s...
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
